Investment services firm Charles Schwab is keeping an eye on the developments in the crypto space as the company with over $7 trillion in client assets says the doors are open for supporting Bitcoin and crypto markets.

In the company’s newest business update, Charles Schwab CEO Walt Bettinger says that the company is looking very closely and cautiously at the crypto market.

“We can certainly see some of the client excitement, particularly with certain segments of the market. I would expect as greater clarity is recognized potentially by regulators that we would consider offering capabilities in the crypto space.”

If the company decides to dive into the cryptocurrency space, Bettinger highlights that they plan to make a big splash.

“I think all of you would probably say that if we, Charles Schwab the company, decides to participate in the crypto market, we will be highly competitive. We will be disruptive and we will be client-oriented.”

For now, Bettinger says that clients who are interested to invest in the crypto markets can do so via crypto-related products available on the Charles Schwab platform including the Grayscale Bitcoin Trust (GBTC) and the CME Bitcoin Futures.

“In the meantime, additional clarity from regulators would be important before we would consider offering a retail-type trading experience on crypto. There are ways to invest in crypto today. Some of which are available in a derivative basis through Schwab and of course, we are keeping our eyes on whether there would be investment-oriented products, whether be ETF (exchange traded fund) or others that would be delivering crypto investing to a larger part of the market than can get it today via some funds other there that are maybe available on a more limited basis…

We’re watching closely. We recognize well what’s going on. We would like to see more regulatory clarity. If and when that comes, you should expect Schwab to be a player in that space in the same way it has been a player in other investment opportunities across the spectrum.”

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The U.S. Securities and Exchange Commission (SEC) is accusing Ripple Labs of harassment, requesting that the court limit the payment giant’s access to internal SEC documents.

The SEC asserts that Ripple is attempting to undermine the regulatory agency’s lawsuit against the fintech firm by highlighting irrelevant SEC documents.

On April 6th, Judge Sarah Netburn granted Ripple access to SEC documents regarding its correspondence and conversations surrounding Ethereum (EHT), BTC, and XRP, the asset whose status as a digital currency is in question.

This week, the SEC filed a motion with the Judge to limit Ripple’s access to said documents, alleging that the firm is attempting to shift attention away from the lawsuit at hand to unrelated SEC comments and actions regarding digital assets.

“The SEC is in the process of complying with the Court’s April 6, 2021 Order, Ex. 1 (the ‘Order’) and has begun reviewing tens of thousands of external emails from the identified custodians for production pursuant to the Order.

However, it has become evident through the meet-and-confer process that Defendants are seeking to ignore the limitations of this Court’s Order and to mire the SEC in indefinite discovery disputes and, if successful, document review…

Defendants’ approach is part of a pattern of gamesmanship with respect to discovery and the following examples show that Defendants do not actually seek relevant evidence, but rather seek to harass the SEC, derail the case’s focus away from its merits, and bog down the SEC with document review.“

Ripple has been on a hot streak of late in its case with the SEC. The firm was not only granted access to the SEC’s internal documents, but the SEC was also denied access to the financial records of Ripple executives Brad Garlinghouse and Chris Larsen.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A new Cardano integration is bringing the sixth-largest crypto asset one step closer to mainstream adoption.

In a new Reddit post, crypto payment gateway solution NOWPayments unveils a plugin that allows WooCommerce and Shopify merchants to get their hands on Cardano (ADA).

“After having confirmed our integration with the Cardano tech team – we are posting our announcement again and we are excited to get in touch with the Cardano community!

We have released our Shopify crypto payments plugin, and you can now accept payments in ADA for your Shopify store.

We also have various other plugins available!”

According to their website, NOWPayments enables merchants to accept over 50 coins including large-cap coins Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Cardano with the option to send the coins directly to the receiver’s wallet. For online sellers who don’t have wallets, NOWPayments highlights that these merchants can still accept ADA and other crypto assets.

“We provide auto coin conversion: even if you don’t have the wallet for a currency customers pay with, we convert it automatically for you. We will have the option to limit the currencies rolled out next week as well.”

In addition to Shopify and WooCommerce, NOWPayments reveals that they are looking to team up with global online marketplace Etsy to enable ADA payments.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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