Charles Schwab to enter spot crypto market once regulations improve

Charles Schwab Corp. is gearing up for a foray into the spot crypto market, signaling a strategic pivot for the financial giant in anticipation of regulatory clarity. Incoming CEO Rick Wurster disclosed the company’s plans during a Bloomberg Radio interview on Nov. 21, emphasizing Schwab’s readiness to capitalize on evolving regulations. Wurster said: “We will…

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US court strikes down controversial SEC ‘dealer’ rule

A federal court has struck down the Securities and Exchange Commission’s (SEC) controversial dealer rule, delivering a major setback to the agency’s regulatory efforts in the crypto sector. The US District Court for the Northern District of Texas ruled on Nov. 21 that the SEC exceeded its statutory authority, invalidating the rule as a violation…

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