Ripple Labs Inc. CEO Brad Garlinghouse has teased that 2024 will mark a “big” year for the company and, possibly, the broader crypto ecosystem.
The short post on X from Garlinghouse came as a direct response to a previous announcement from Ripple’s official account.
Notably, the announcement revealed that the CEO will be taking the stage at the ongoing World Economic Forum (WEF) in Davos alongside key names in the financial and regulatory landscape.
Among the co-speakers at the event include Caroline D Pharm, one of the popular commissioners of the Commodity Futures Trading Commission (CFTC). The discussion hinges on the title, “Crypto at a Crossroads: Future-proofing Digital Assets”.
LFG! 2024 is going to be big. https://t.co/3CcCQNo4D9
— Brad Garlinghouse (@bgarlinghouse) January 16, 2024
Garlinghouse’s Optimistic Outlook
Brad Garlinghouse is an optimistic leader whose dogged stance has set the XRP community apart in its quest for legal standing as a crypto project in the US.
He has led the Ripple team through the three-year legal ordeal with the United States Securities and Exchange Commission (SEC), as both entities argued to establish the securities status of the XRP coin.
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Last year was decisive for XRP, with a court ruling from Judge Analisa Torres declaring that the coin in itself is not an investment contract. The coin’s sale on trading platforms to retail investors was also judged not to be a securities offering.
This ruling puts an end to uncertainty for Ripple as it means it can focus on growth in line with its fundamentals as a blockchain payments company.
While during the course of the lawsuit, Ripple Labs expanded its offerings in the Asian-Pacific corridor, where it inked new partners, the ruling now eases its resolve to expand this partnership on US shores.
The acknowledgment from Brad Garlinghouse that 2024 is going to be big has many undertones that span the likely expansion of partnerships, making new acquisitions, or doubling down on its CBDC innovation as an enhancement of all it achieved last year.
Crypto Ecosystem Outlook
This year started off on a positive note following the approval of the spot Bitcoin Exchange Traded Fund (ETF) product by the US Securities and Exchange Commission (SEC).
This approval marked the more than a decade shift in regulatory stance by the market regulator and set the stage for institutional and corporate money to flow into the industry.
With regulatory clarity already paving the way for crypto projects through the precedents set by Grayscale Investments and Ripple, crypto innovators may eventually leap the current crossroads they are to fully help develop a monetary system that can strive to be more inclusive.