Schwab Plans to Launch Spot Crypto Trading Post Regulation Ease [Yahoo! Finance]
State Street Corporation (STT)
Last state street corporation earnings: 4/17 07:38 am
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Source: Yahoo! Finance
is likely to occur once President-elect Donald Trump takes office. This was stated by the incoming CEO Rick Wurster in an interview with Bloomberg. Wurster, who will step into the new role on Jan. 1, 2025, mentioned that Schwab's clients have already shown interest and actively participated in the cryptocurrency space via investment vehicles such as exchange-traded funds , futures and closed-end funds, and have earned decent returns. Now, SCHW aims to move further by directly offering cryptocurrency trading. He stated, “We've been waiting on a change in the regulatory environment … and we're confident that we think that will come in short order.” “Crypto has certainly caught many's attention, and they've made a lot of money doing it,” Wurster added. Further, Wurster shared that artificial intelligence will likely impact wealth-management business significantly. “It used to be that 60,000 times a month, we would have a phone rep spend more than three minutes searching for a pie
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