World Economic Forum 2024 is Bullish for Ripple, XRP — Details Inside

YEREVAN (CoinChapter.com) — The 2024 World Economic Forum (WEF) in Davos will witness a significant representation from Ripple, the blockchain payment firm in legal horns with the US regulators for allegedly breaking securities laws. Notably, Ripple’s CEO Brad Garlinghouse will head a panel discussion at the event on Jan. 18.

Ripple CEO ‘Clear-Eyed About Crypto’

Garlinghouse will participate in a panel called “Clear-Eyed about Crypto,” which will focus on global attitudes toward digital currencies. This panel will be a part of the WEF’s Centre for Financial and Monetary Systems and will include discussions on enhancing the financial system through technology and supporting climate action through “financial transformation.”

Ripple’s larger presence at the WEF could also indicate the company’s intention to make the necessary connections to expand its political influence.

As CoinCapter earlier reported, Garlinghouse has been vocal about the company’s support for pro-crypto candidates in the 2024 presidential elections, emphasizing the need for the US to take a more proactive stance in the global cryptocurrency landscape.

Moreover, Ripple has also been recognized as an official partner of the World Economic Forum 2024. This partnership could be a major step forward for the company.

However, it’s important to note that the digital asset XRP is still navigating through challenges, including a legal battle with the US Securities and Exchange Commission (SEC) over the classification of XRP as a security. The outcome of this case could have significant implications for the cryptocurrency industry at large.

World Economic Forum 2024 Is About ‘Rebuilding Trust’

The World Economic Forum in Davos focuses on the theme ‘Rebuilding Trust.’ This theme explores six crucial areas: economic resilience, energy transformation, globalization, productive artificial intelligence (AI), strengthening institutions, and women’s health.

The crypto industry played a significant role in this event, especially following the approval of the first-ever spot Bitcoin ETF in the United States. The event sparked further debate on crypto regulation and a move towards mainstream acceptance.

The crypto sector’s presence at the Davos 2024 aims to achieve several milestones, particularly in revitalizing its reputation after past high-profile incidents such as the FTX collapse. Major players like BlackRock entering the crypto space indicated a serious approach toward the crypto industry.