Charles Schwab incoming CEO: ‘I have not bought crypto, and now I feel silly’

Rick Wurster, who will take the chief executive role next year, said he still has no plans to buy crypto but wants to support Schwab clients that do. 

Rick Wurster, the incoming chief executive of banking and investment giant Charles Schwab, said the company plans to offer spot crypto trading once regulations in the United States make it easier.

He also admitted to feeling silly that he has yet to purchase any digital assets. “Crypto has certainly caught many’s attention, and they’ve made a lot of money doing it,” he said in an interview on Bloomberg Radio on Nov. 21, before adding:

He added that he was not planning on investing in crypto at the moment but wanted to support Schwab clients who wish to do so, adding that the firm is anticipating positive changes to the regulatory environment in the United States. 

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