Ripple Set to Join World Economic Forum
Ripple Labs CEO Brad Garlinghouse has been listed as one of the participants at the World Economic Forum (WEF) event on January 18.
As detailed on the WEF website, the event is based on the topic: “Clear-Eyed about Crypto” and will also feature other innovators in the broader financial and crypto ecosystems.
Among the big names listed include Grayscale Investments’ CEO, Michael Sonnenshein, and Daniela Stoffel, the State Secretary for International Finance, Federal Department of Finance (FDF) of Switzerland.
Enlisting Ripple Garlinghouse as a speaker at this event is a big recognition of not just the firm’s wins but also of how mature the industry has grown in recent times.
The Pursuit of Sensible Regulation
At the core of the WEF discussion lies the place of sensible regulation among countries around the world. While there are countries like El Salvador with defined laws, in other regions like China, crypto remains a banned asset class.
One of the goals of the World Economic Forum is to bridge financial inequality while pushing for prosperity for all. This discussion might shed light on where the industry is at the moment and its potential to welcome more growth-centric regulations this year.
Ripple Labs and Grayscale Investments have both fought for proper regulations in their respective rights. While Ripple fought and scored a partial victory against the US SEC regarding the status of XRP, Grayscale played a crucial role in defeating the SEC concerning the commission’s initial rejection of its request for a spot BTC ETF.
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With first-hand experience in navigating crypto regulation, as showcased by Ripple and Grayscale, enlisting Garlinghouse and Sonnenshein as speakers at the WEF forum is considered a shared win for the industry.
Potential Upsides for Ripple
Tagging alongside the World Economic Forum is a big deal for Ripple as it sends legitimacy at almost no extra marketing cost to place the firm before a massive global audience.
Having struggled to grow in the past three years, Ripple Labs is now looking to expand its products and services to other parts of the globe.
Notably, this WEF might have a positive influence on the company’s outlook as it unveils how resilient the industry can be in the face of adversity.
XRP price might also benefit from this trend in the long term, and at the time of writing, the coin is trading at $0.5809, up 0.43% in the past 24 hours.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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