Ripple President: The Web3 industry needs to work with governments to ensure a sound policy and regulatory framework

Monica Long, the President of Ripple, a financial and cryptocurrency services company, expressed her views on the presence of cryptocurrency industry participants at the World Economic Forum (WEF) in Davos.Long believes that it is "crucial" for the cryptocurrency industry to be represented by mature participants at Davos, in order to showcase what is being done and distinguish it from hype. To achieve mainstream adoption, traditional finance and decentralized finance must be integrated to effectively serve as many users as possible, which means that cryptocurrency must also comply with existing laws. The industry needs to work with governments to ensure the establishment of sound policies and regulatory frameworks.