PwC’s US chair Paul Griggs confirmed on Sunday that the corporate is now absolutely providing crypto audit, consulting, and tax providers.
Griggs mentioned the corporate determined to go in after the Trump administration put out clear guidelines and introduced in regulators who assist crypto. “PwC must be in that ecosystem,” Griggs advised the Monetary Instances. The complete pivot occurred in 2024 after regulators modified and Congress handed new crypto legal guidelines.
Griggs mentioned the Genius Act, signed by President Donald Trump in July, gave the corporate and others authorized readability for the primary time. The legislation regulates stablecoins and opens the best way for banks to difficulty their very own.
That authorized change, paired with Trump’s appointment of Paul Atkins to guide the SEC, gave Huge 4 firms like PwC the sign to cease sitting out. The Biden-era hostility towards crypto is now gone.
PwC now advises crypto shoppers on audits, taxes, and funds
Griggs mentioned the corporate feels “a duty to be hyper-engaged on each side of the enterprise,” including:
“Whether or not we’re doing work within the audit area or doing work within the consulting area — we do all of the above in crypto — we see increasingly more alternatives coming our manner.”
Griggs additionally mentioned the corporate now provides full crypto providers, from accounting to technique.
Till now, PwC and the remainder of the Huge 4 had been reluctant to tackle crypto firms within the US.They put up excessive limitations and turned down most of them.That was partly as a result of US regulators had been skeptical of your complete trade, consistently involved about fraud, cash laundering, and shopper dangers.
However with the Trump administration now backing the area, these firms are treating crypto like every other line of enterprise.
Griggs mentioned PwC has been pitching to shoppers how they will use crypto instruments to make issues work higher, particularly round funds.He mentioned stablecoins are one option to make funds sooner and extra environment friendly.
This pitch comes as firms scramble to seek out new methods to chop prices and velocity up operations, particularly with banking rails nonetheless outdated.
Different Huge 4 firms aren’t ready round both. Deloitte has been auditing Coinbase since 2020 and put out a full crypto accounting information in Might. KPMG referred to as 2025 the “tipping level” for crypto and now sells compliance and threat advisory tied to crypto use. All of them are actually focusing on this once-taboo trade for critical cash.
PwC expands crypto hires and lands large shoppers like Mara
Griggs additionally revealed that PwC has already picked up audit shoppers within the crypto trade. That contains Mara Holdings, a bitcoin mining firm that appointed the corporate in March.
He mentioned the corporate can also be providing crypto tax recommendation, serving to shoppers work out deal with digital revenue, transactions, and authorized constructions beneath the brand new US legal guidelines.
Griggs was promoted to US senior accomplice in 2024 after working at PwC for almost 30 years. He used to deal with the audit for Goldman Sachs and in addition ran among the firm’s inner expertise packages.
Now he’s attempting to verify PwC doesn’t fall behind in a rising a part of the market. To try this, he mentioned the corporate needed to rent from exterior.
A kind of hires is Cheryl Lesnik, who rejoined the corporate after three years away. She had spent that point centered on crypto shoppers at a smaller accounting outfit. Now she’s serving to construct PwC’s crypto workforce from the within.
Griggs made it clear they’re not winging it. “We’re by no means going to lean right into a enterprise that we haven’t outfitted ourselves to ship,” he mentioned. “Over the past 10 to 12 months, as we’ve taken on extra alternatives in that digital property area, we’ve bolstered our useful resource pool inside and out of doors.”
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