Bill Clinton recently was the keynote speaker for the biggest speech that the crypto industry has seen since Bitcoin broke into the financial world. However, there might be no trace of it, considering a recent decision from Ripple. Ripple hosted an event for former President Clinton to speak at, which only allowed entry on an invite-only basis.
Now, considering there will not be a livestream, the only video that the general public will be permitted to see will be through small segments that are published the next day. The speech that Clinton gives will not be among the videos published. The statement from Swell by Ripple’s advertising website says, “Thanks again for your interest in Swell. We are excited to post recording for most sessions. While they will not be live, we plan to publish them within the next day. To tune in, please visit Ripple Insights or follow along on Twitter for timely highlights. Unfortunately, we are not able to publish the session with President Bill Clinton and Gene Sperling. We appreciate your support for Ripple and hope you enjoy the program. – The Ripple Team.”
Right now, there does not seem to be a clear indication of who has been invited to the event, including the media. They are clear that tomorrow’s speaker will be Robert Hackett of Fortune, but it is not even noted whether he will be allowed to attend or report on Clinton’s speech. Furthermore, without this information of who is in attendance, no media outlets have received confirmation that they will be permitted press coverage or even admission to the Ripple conference.
So far, the only people that seem to meet the requirements for the invitations are bankers, and no reason has been provided for this decision. Most cryptocurrency-related conferences are welcome to the public, providing opportunities for attendees to learn more information about the industry to make smarter investments. However, despite Ripple’s inclusive nature, that is not the case this time. That fact only makes it more curious as to why they have created their advertisements with Bill Clinton’s face everywhere, since no one will see him speak.
In the last few days, Ripple has seen a rise in price, which could easily be credited to the publicity around the conference. However, it soon went back down, making the market cap of blockchain Ethereum. Many people were shocked about Clinton making an appearance, but the secrecy around the event makes it look like this was just a gimmick, rather than a reality.
This would not be the first time that Ripple created anticipation of a gimmicky event. Last year, they held a wildly publicized countdown without any notion of what it was from. When it was revealed that the surprise was just the Swell conference, the community was noticeably disappointed.
At a similar conference last year, Ripple had both Ben Bernanke and Tim Bern Lee to speak, but they did not post videos of that. Bill Clinton was an obvious increase in the ante. In all likelihood, they could book the Queen herself, and there still would not be more than a poster as evidence of her attendance. As a result, the community simply has to trust this move from Ripple, even though it could easily end badly.