The crypto sector is reviving in the Swiss Alps, but its presence at the World Economic Forum (WEF) this year is more muted than it was in the heyday of crypto fever after a series of substantial declines in pricing and the turbulent demise of the crypto exchange, FTX, in November 2022. Notwithstanding these obstacles, influential figures in the cryptocurrency space flocked to Davos recently, spurred on by a recent victory.

The U.S. Securities and Exchange Commission (SEC) approved the trading of Bitcoin-backed investment funds a few days prior to the event. The approval marked a substantial victory for the…

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