TCH2510. Growth, Adoption and Turbulence for the Digital Assets Environment

The digital assets landscape is evolving at a breakneck pace, presenting both opportunities and challenges for accounting professionals and their organizations. This panel will provide attendees with a comprehensive understanding of the growth, adoption, and turbulence shaping the digital assets environment. Designed specifically for the accounting industry, the session will explore how these shifts are impacting the profession and offer actionable insights to help firms adapt and thrive in this dynamic ecosystem. The session will include: • A Retrospective on Crypto and Blockchain Innovations: a review of significant digital asset and blockchain advancements from the past 1-2 years, including the emergence of new projects, technologies, and use cases, such as stablecoins, decentralized finance, and more. • Analysis of how these innovations are transforming industries and their implications for the accounting profession. • Updates on key regulatory actions and legislative developments, including their potential effects on financial reporting, tax compliance, and risk management. • Discussion of the U.S. and global regulatory landscapes and how organizations can prepare for upcoming changes. • Practical Guidance for Firms: best practices for implementing effective controls and processes to manage digital asset-related activities, alignment with emerging standards; strategies for addressing challenges such as valuation, custody, and auditing of digital assets.