Since its inception, blockchain technology’s regulatory uncertainty has kept it largely in the domain of IT teams, outside most CFO control frameworks, balance sheets and capital allocation decisions. PwC is expanding its digital asset business as U.S. regulation becomes clearer, a shift that Paul Griggs said reflects growing conviction that stablecoins and tokenized assets can now be supported at scale. In an interview with the Financial Times published Jan. 4, Griggs said the firm decided to “lean in” to crypto-related work after years of caution as stablecoin legislation and regulatory rulemaking began to provide a more defined framework. He pointed to the GENIUS Act as a key catalyst, saying it would create “more conviction around leaning into that product and that asset class.”
The regulatory progress cited by Griggs reflects a broader shift in how professional services firms approach digital assets. Clearer rulemaking and legislation allow firms to design audit approaches, compliance processes and advisory frameworks that can be applied consistently across clients. Griggs also cited new leadership at the U.S. Securities and Exchange Commission, which, under recently appointed chair Paul Atkins, has prioritized setting clearer rules for digital assets. Together, those changes have reduced uncertainty for large accounting firms trying to determine how crypto activity will be supervised and governed.
PwC is expanding its digital asset practice as U.S. regulation becomes clearer, signaling growing conviction that stablecoins and tokenized assets can be supported at scale. In a Financial Times interview, Paul Griggs said the firm decided to lean in to crypto-related work after years of caution as legislation and rulemaking began to provide a more defined framework. He highlighted the GENIUS Act as a key catalyst, saying it would create more conviction around leaning into that product and that asset class. The regulatory progress cited by Griggs reflects a broader shift in how professional services firms approach digital assets.
Clearer rulemaking and legislation allow firms to design audit approaches, compliance processes and advisory frameworks that can be applied consistently across clients. Griggs also cited new leadership at the U.S. Securities and Exchange Commission, which, under recently appointed chair Paul Atkins, has prioritized setting clearer rules for digital assets. Together, those changes have reduced uncertainty for large accounting firms trying to determine how crypto activity will be supervised and governed.
PwC is expanding its digital asset practice as U.S. regulation becomes clearer, signaling growing conviction that stablecoins and tokenized assets can be supported at scale. In a Financial Times interview, Paul Griggs said the firm decided to lean in to crypto-related work after years of caution as legislation and rulemaking began to provide a more defined framework. He highlighted the GENIUS Act as a key catalyst, saying it would create more conviction around leaning into that product and that asset class. The regulatory progress cited by Griggs reflects a broader shift in how professional services firms approach digital assets.
The regulatory progress cited by Griggs reflects a broader shift in how professional services firms approach digital assets. Clearer rulemaking and legislation allow firms to design audit approaches, compliance processes and advisory frameworks that can be applied consistently across clients. Griggs also cited new leadership at the U.S. Securities and Exchange Commission, which, under recently appointed chair Paul Atkins, has prioritized setting clearer rules for digital assets. Together, those changes have reduced uncertainty for large accounting firms trying to determine how crypto activity will be supervised and governed.
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