Is Bill Clinton the Latest Big Name to Embrace Cryptocurrency

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Is Bill Clinton the Latest Big Name to Embrace Cryptocurrency
Clinton was in office during the dotcom boom of the 1990’s that revolutionized the internet and global telecommunication industry. Photo Credit: National Review

Former president Bill Clinton may have become the latest high profile name to warm up to cryptocurrency and the underlying blockchain technology.

Clinton, 72, is billed to deliver the keynote address at Swell, Ripple’s cryptocurrency conference scheduled for the 1st of October in San Francisco. Clinton was in office during the dotcom boom of the 1990’s that revolutionized the internet and global telecommunication industry. He also established programs that bridged the digital divide and brought new technology to underserved communities around the world.

“At a time when groundbreaking technology and regulation were often on a collision course, President Clinton helped usher in a period of extreme growth and adoption of the Internet, shaping what it is today,” Ripple said in a statement on its website.

Ripple’s Swell conference is designed as a platform to connect the world’s leaders in policy, payments and technology. The 2018 event would focus on how financial services companies can benefit from blockchain technology and frameworks for regulating digital assets across Europe, Asia and the Middle East.

Also scheduled to speak at the Ripple event are Gene Sperling, National Economic Council Director and Advisor under Presidents Clinton and Brad Garlinghouse Ripple’s CEO.

According to Trustnodes, with his scheduled attendance, Bill Clinton is now the highest profile speaker to attend a crypto conference, his presence only rivalled by the attendance of Google’s co-founder Sergey Brin whose presence at an exclusive blockchain summit at Sir Richard Branson’s island in July added to speculation that the internet giant was moving into cryptocurrencies.

Regulatory agencies and the political establishment have not exactly warmed up to the cryptocurrency industry. The Securities and Exchanges Commission (SEC) in particular has adopted a very dim look of the sector by declaring that nearly all digital currencies are securities with the exception of a few like bitcoin and ethereum.

Nearly 2 decades after leaving office, Clinton remains very popular with Americans across all political and racial divides. It remains to be seen if his involvement with cryptocurrency would be enough to get the support of the establishment or spur the mass adoption of cryptocurrencies.