On November 22, news from Bloomberg reported that Charles Schwab's incoming CEO Rick Wurster stated that the company plans to launch spot cryptocurrency trading after improvements in U.S. cryptocurrency regulations. In an interview, Wurster said, "We expect the regulatory environment to change and are preparing for that possibility." Currently, Charles Schwab offers crypto-related ETFs and crypto futures but has not yet directly entered the spot trading market. Wurster mentioned that cryptocurrencies have attracted significant attention, but he personally does not have investment plans at the moment, although he supports clients investing in crypto assets. The competition facing Charles Schwab has intensified significantly following the pandemic and the U.S. presidential election, as the company fiercely competes for retail funds with traditional platforms like Fidelity and Interactive Brokers, as well as emerging platforms like Robinhood and Webull. Additionally, Wurster noted that artificial intelligence is having a significant impact on wealth management, and the company has leveraged AI to significantly enhance customer service efficiency. Wurster will take over as CEO in early 2025, as the current CEO Walt Bettinger will retire. $BTC