Davos Crypto Panel Backs CBDCs, Rejects Dogecoin; Ripple CEO Says ‘I Don’t Get It’
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Benzinga
Benzinga
A panel at the World Economic Forum (WEF) meeting in Davos, Switzerland titled “Clear-Eyed About Crypto” agreed the cryptocurrency industry needs further regulatory clarity. The panel also struck an optimistic tone but rejected the appeal of meme coins like Dogecoin (CRYPTO: DOGE). When asked about the recently approved Spot Bitcoin ETFs, Grayscale CEO Michael Sonnenshein called them “one of the biggest milestones since Bitcoin itself.” Having Bitcoin as an asset listed in line with traditional asset classes like stocks and bonds is a major innovation, he added. Brad Garlinghouse, CEO of Rippl…