🔥 Schwab Eyes Crypto Trading! CEO Rick Wurster says Schwab will soon offer Bitcoin & Ethereum trading following strong client demand and to compete with Coinbase.
This move comes after President Trump signed the GENIUS Act, the first U.S. crypto regulation law. GENIUS sets rules for stablecoins and AML compliance.
Wurster noted clients want to consolidate crypto with Schwab, which manages $10.8T in assets. With $25B already in crypto ETFs, Schwab aims to capture spot market share.
📈 Crypto adoption is growing fast, and Schwab is joining the race.
President Trump signed the GENIUS Act on July 18, establishing a comprehensive regulatory framework for U.S. dollar-backed stablecoins—requiring monthly audits, full reserves, and anti-money-laundering checks  This led to a crypto market cap surge past $4 trillion, with Bitcoin briefly topping $123K, and Ethereum rallying near $3,600 
Altcoins like XRP, Solana, Dogecoin, and Hedera saw double-digit gains (XRP hit ~US $3.60)
The bill was part of a “Crypto Week” that included the CLARITY and Anti‑CBDC Surveillance bills .
BREAKING: Trump to open US retirement market to crypto investments, per FT.
The US president is expected to sign an executive order that would open up 401k plans to alternative investments beyond traditional stocks and bonds. $BTC $ETH #USCryptoWeek #BTC120kVs125kToday