Bitcoin 
$91,594 price remains above $63,500, but weakness persists. In the last hour, significant developments emerged from Ripple 
$1 and Charles Schwab, promising more excitement for the cryptocurrency industry. What is happening?
Charles Schwab’s Intentions
Charles Schwab, one of the largest asset managers globally with $8.5 trillion in client assets, announced its intention to offer cryptocurrency services if regulatory hurdles are cleared. According to a report shared by Bloomberg, this indicates that the financial giant may launch cryptocurrency products, following the lead of other firms. The market value of this U.S.-based financial powerhouse is over $117 billion.
Ripple’s Regulatory Clarity
If this U.S.-based giant begins providing cryptocurrency services to its clients, it could lead to an influx of up to $10 billion into cryptocurrencies. Additionally, further messages regarding regulatory clarity came from Ripple. The deadline for the SEC‘s appeal is set for October 7, and Ripple has faced significant pressure from regulators over the years. While preparing this article, Ripple CEO Brad Garlinghouse noted:
“Regulatory clarity is what businesses want and what customers need. The UAE understands this very well.”
For a long time, there has been speculation that companies like Ripple might relocate to countries with a more crypto-friendly stance, such as the UAE or Qatar. Ripple’s announcement today, following its successful preliminary approval for a service license from the Dubai Financial Services Authority, signals that the possibility of relocation remains on the table.
