Charles Schwab wants to offer encryption

Charles Schwab wants to offer encryption

Should Charles Schwab choose to give all its clients access to cryptocurrency, it would open up the new asset class to its 31.9 million brokerage accounts. “These innovations have been a catalyst for change. Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion, but they’ve also raised new issues of investor protection that we still need to attend to,” said Gensler during a Congressional hearing in early March.  “If Charles Schwab, the company, decides to participate in the crypto market, we will be highly competitive, we will be disruptive, and we will be client-oriented,” Bettinger said.

The new SEC chair, Gary Gensler, was a professor at MIT for a course called ‘Blockchain and Money.’ His experience with blockchain and cryptocurrency has left many hopeful that regulation on the industry is around the corner and that it will be relatively fair.  The SEC has been slow to draft regulations on the growing industry, leaving some cautious retail brokerages behind their counterparts who have already offered digital assets. 

Gensler has had positive comments on cryptocurrency, but that they have raised new issues.  “We would like to see more regulatory clarity,” said Schwab’s Chief Executive Officer Walt Bettinger on a call with analysts. “And if and when that comes, you should expect Schwab to be a player in that space in the same way it has been a player in other investment opportunities across the spectrum.”

Source www.thestreet.com Don’t miss out on how smart money is playing the crypto game. Find out how hedge funds, family offices and wall street players are positioning themselves for the growing crypto-economy in our premium newsletter – The Crypto Investor.

The News Highlights

  • Charles Schwab wants to offer encryption
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
AI demonstrates that human typos on a smartphone could improve keyboards

AI demonstrates that human typos on a smartphone could improve keyboards

“There are some choices we make that it seems like the human mind optimises for when we type,” says Jussi Jokinen of Aalto University, Finland. “I wanted to ...
Smart devices are on sale!

Get up to $400 off on various Electronic Devices

Razer – Blade 15 Base – 15.6″ Gaming Laptop Offer Price – $1,099 Best Buy, today introduces a flash sale which will valid for 24 hours only. During this ...
Fuel Tech Reports financial results for the first quarter of 2021

Fuel Tech Reports financial results for the first quarter of 2021

Gross margin for Q1 2021 was 46.9% of revenues compared to 40.4% of revenues in Q1 2020, reflecting a higher concentration of FUEL CHEM segment revenues as a ...
Pokémon Needs a Farming Game Like Stardew Valley

Pokémon Needs a Farming Game Like Stardew Valley

Fans aren’t ungrateful for the recent Pokémon games. Sword & Shield have been a blast with their expansions, Pokémon GO is still going strong, and fans ...
Global Femtech Market Size Value Will Grow to USD 71,000

Global Femtech Market Size Value Will Grow to USD 71,000

News HighlightsNew York, NY, May 12, 2021 (News) — Facts and Factors have published a new research report titled “Femtech Market By Solution (Diagnostics, ...
Cost-sharing funds available for soil health, water quality practices

Cost-sharing funds available for soil health, water quality practices

Source: Iowa Department of Agriculture and Land Stewardship, which is responsible for the information provided and is wholly owned by the source. Informa ...
Should the AW 3 to 5 or 6 be upgraded?

Should the AW 3 to 5 or 6 be upgraded?

the processor in the 6 is almost 2.5 times the speed of the 3, you will absolutely notice that difference. the difference in screen size is amazing. it ...
Sensata Technologies Reports First Quarter 2021 Financial Results

The financial impact of COVID-19 on black Americans varies according to education, age

Since the outbreak began, about four-in-ten Black adults (43%) under 50 say they have experienced some form of job or wage loss, compared with only 19% of ...
How your Google searches can put your privacy and security at risk

How your Google searches can put your privacy and security at risk

We’ve all known for years that Google and Facebook are tracking us, but that doesn’t mean we like it. In addition to Big Tech putting its nose in our digital ...
Show next
Compsmag - Latest News from tech, business and health
Logo