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Rick Wurster, chief executive of Charles Schwab, told analysts on a conference call this week: "We do want to be able to offer spot cryptocurrency services, and we expect cryptocurrency regulations will eventually allow us to do so." The Financial Times reported that the SEC later on Thursday overturned guidance known as SAB 121, potentially opening the door for Wall Street banks to take custody of cryptocurrencies.
Charles Schwab President Rick Wurster said in a Bloomberg Radio interview on Thursday that the company will consider offering spot cryptocurrency trading once U.S. regulations allow it, a scenario that is more likely to happen under President Donald Trump. Rick Wurster said: "When the regulatory environments change, we will enter the spot cryptocurrency space, we do expect it to change, and we are preparing for that possibility...
