Charles Schwab CEO: Expect regulations to eventually allow spot crypto services to be offered on the platform

Odaily News Schwab CEO Rick Wurster told analysts on a conference call this week: "We do want to be able to offer spot cryptocurrency services, and we expect that cryptocurrency regulations will eventually allow us to do so." The Financial Times said that the U.S. SEC overturned the guidance known as SAB 121 late on Thursday, which may open the door for Wall Street banks to custody cryptocurrencies.