Recent years have shown a positive trend in crypto adoption by institutions and consumers – accepting cryptocurrencies as payments for merchandise, paying crypto as payroll, and investing in innovative decentralized finance strategies and high yield lending products. Such trends have caught the attention of consumers and also regulators. President Joe Biden's executive order on cryptocurrency in March 2022 indicated concrete steps by the White House to regulate digital currency. Accounting and audit continue to evolve, as does the industry. Learn more about the changes in accounting and audit considerations for cryptocurrencies that have transpired during the year.