Charles Schwab, a major U.S. financial services firm, seeks to offer spot crypto trading to its clients upon favorable regulatory changes likely to come with the upcoming administration, Bloomberg reported, citing the firm’s current president and incoming chief executive officer Rick Wurster.

While Schwab currently offers crypto exchange-traded funds and futures, the company aims to expand its crypto offerings as crypto-linked products from major TradFi players thrive, according to the report. U.S. spot bitcoin ETFs, for instance, saw their total net asset value exceed $100 billion on Wednesday as they became increasingly appealing to institutional investors.

Wurster, who will step into the CEO role on Jan. 1, told Bloomberg that he personally does not plan on buying crypto anytime soon, but supports the firm’s clients in purchasing crypto assets.

The firm’s decision comes amid a strong rally and growing positive sentiment in the crypto market, fueled by the re-election of pro-crypto Republican Donald Trump.  

Trump, a vocal proponent of the cryptocurrency industry's growth throughout his election campaign, pledged to set up a strategic bitcoin reserve for the country, strong support for bitcoin mining and decentralized finance, and remove Securities and Exchange Commission chairman Gary Gensler from his position. 

Gensler announced on Thursday that he plans to leave the agency on Jan. 20, 2025. Gensler has led enforcement actions against major U.S. crypto players, including Coinbase, Binance and Kraken.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。