XRP and SEC v. Ripple lawsuit, it’s today: The JP Morgan Crypto Economy Forum
What will be the trends in the cryptocurrency space in 2022 and what will be the role of XRP once the SEC v. Ripple lawsuit is finished?
We’re headed toward the last month of 2021, a year that saw the cryptocurrency market reaching new all-time highs both in overall market cap and asset prices.
Investors and the digital asset ecosystem are now looking for signals of what to expect in 2022 and onwards as the industry matures.
JP Morgan, one of the world’s largest investment banks, will be hosting its JP Morgan Crypto Economy Forum today, November 30.
Will XRP steal the show?
A JP Morgan report sent to investors earlier this month put XRP and the SEC v. Ripple lawsuit under the spotlight and concluded that a win would put the crypto asset on the road to mainstream adoption. More on that, here.
Coinbase, which was mentioned as a key player for XRP adoption, announced it will participate in the forum and will be represented by CEO Brian Armstrong and Lead Independent Director Fred Wilson. The exchange operator will share the fireside chat on a live webcast. For more information on time and link to the webcast, here.
Ripple has successfully accelerated its global expansion this year despite fears that the lawsuit could cause hesitancy among institutional partners. Now it seems that the blockchain firm will be hiring a few hundreds in 2022 as they prepare the launch of the upcoming Liquidity Hub.
On top of that, the XRP Ledger has just had a “game-changer” upgrade that took a year to come into effect and it’s likely to strengthen its appeal. Ripple’s CTO David Schwartz said it was “awesome news”.
JP Morgan moves in crypto
The bank is one of the big ones joining the crypto movement, having created its own digital coin for payments (JPM Coin) and providing wealth management clients with access to crypto via Grayscale and Osprey trusts as well as an in-house Bitcoin fund.
JP Morgan has also been on the headlines admitting that institutional investors are increasingly replacing gold with Bitcoin and are also shifting favorites from Bitcoin to Ether.
As part of the trend in the crypto industry, the financial institution is keeping an eye on Bitcoin, Ethereum, and Dogecoin, as well as Polkadot, Uniswap, and Chainlink.
The JP Morgan Crypto Economy Forum will focus on “Today’s Ecosystem and Tomorrow’s Marketplace”. Conference attendance is by invitation only.
If you’re a client who would like to receive an invitation to the upcoming conference, you can contact your J. P. Morgan representative or email the relevant regional conference team:
North America: [email protected]
Latin America: [email protected]
Asia Pacific: [email protected]
Europe, Middle East, Africa: [email protected]
More on Ripple and XRP here