PwC ‘leans in’ to crypto as Donald Trump and lawmakers embrace sector

[zasad@]

https://www.msn.com/en-us/money/markets/trump-s-push-for-crypto-capital-sparks-pwc-shift-towards-digital-assets/ar-AA1TBOAa
"The US arm of the Big Four giant PwC has changed its stance on cryptocurrency work following President Donald Trump’s fondness for digital assets.

Trump has pledged to make the US the “crypto capital of the world” after passing the ‘Genius Act’, which governs digital assets such as stablecoins, into law last year.

As a result of Trump’s focus, digital tokens like Bitcoin gained $1.2 tr in value in the 12 months after he won the election, according to CoinGecko data.

With the focus on digital assets in the US, firms are starting to rethink their former reluctance to work with crypto clients.

Speaking to the Financial Times, PwC US boss Paul Griggs said the firm will ‘lean in’ into cryptocurrency work.

Griggs explained: “We feel a responsibility to be hyper-engaged on both sides of the business.”

“Whether we are doing work in the audit space or doing work in the consulting arena, we do all the above in crypto; we see more and more opportunities coming our way,” he added."

[yhiaali3]

According to report: ""The US arm of the Big Four giant PwC has changed its stance on cryptocurrency work"
Does this simply mean a reassessment of the company's stance on cryptocurrencies or have they actually started accepting cryptocurrency client applications?

In any case, I believe this news could reshape the accounting industry, as PwC's entry into this field may force other major competitors to catch up to avoid losing clients.

The main question is whether these open US policies toward crypto will remain after Trump's term ends. If policies change in the future, these companies could face significant challenges.

[zasad@]

Even if the next president is a Democrat, the Senate will still be Republican. Crypto companies will already be legally bound and able to lobby their interests within the government. In fact, crypto regulation in the US is already very strict.