Rick Wurster, the soon-to-be CEO of Charles Schwab, has announced plans to introduce spot crypto trading, banking on a more favorable U.S. regulatory climate. In a recent Bloomberg Radio interview, Wurster expressed regret over not investing in digital assets earlier, highlighting the substantial gains others have made. He stated, “Crypto has certainly caught many’s attention, and they’ve made a lot of money doing it. I have not bought crypto, and now I feel silly.”

Despite his personal hesitations, Wurster is committed to supporting Schwab clients interested in crypto investments. The firm currently offers crypto through exchange-traded funds (ETFs) and futures, which have seen positive performance. Schwab is eagerly anticipating regulatory adjustments to expand its offerings directly to include cryptocurrencies, he explained during his Yahoo Finance interview.

Wurster also noted the competitive landscape, with Schwab facing rivals like Fidelity and emerging platforms such as Robinhood and Webull. He remains optimistic about the integration of AI technologies in wealth management, enhancing client service efficiency significantly. Wurster is set to replace Walt Bettinger as CEO on January 1, ushering in a new era for Schwab.