Ripple CTO, David Schwartz, has outlined four key things he is looking forward to in 2024 for the crypto industry.
– Regulatory clarity and resolution of the SEC v. Ripple lawsuit: Schwartz hopes for clearer regulations in the crypto industry in order to provide better protection for investors, and believes that the ongoing lawsuit with the SEC could be resolved this year.
– Improved scaling at the blockchain layer: Schwartz believes that scaling at the blockchain layer can be achieved through technologies like sidechains and zero-knowledge proofs, which will enable more innovation and scalability.
– Onboarding more users into the crypto ecosystem: Schwartz aims to make the crypto ecosystem more accessible and compelling to people, with the introduction of features like tokenized securities and collateralized lending.
– Boosting institutional adoption: Schwartz expects to see a surge in institutional adoption of crypto this year, particularly with the approval of Bitcoin spot exchange-traded funds (ETFs). Despite recent trading volume setbacks, he still believes that ETFs will play a pivotal role in attracting more institutional investors.
Overall, Schwartz’s outlook for 2024 is focused on regulatory clarity, technological advancements, increased accessibility, and institutional adoption in the crypto industry.