55-year-old asset manager teases spot Bitcoin, Ether trading

Despite Charles Schwab launching a crypto trading platform, the fine print reveals a shocking truth: your crypto holdings will have NO SIPC or FDIC protection, nor will they be classified as a security. This means if your investment plummets to zero, there's absolutely no institutional backstop to catch your fall, unlike nearly every other asset Schwab offers. Are traditional financial institutions truly prioritizing client safety when they offer products with such glaring protection gaps?
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