Jon Winkelried, CEO of TPG, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 13, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

Jon Winkelried, CEO of TPG, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 13, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

Jon Winkelried, CEO of TPG, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 13, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

Jon Winkelried, CEO of TPG, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 13, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

Billy Hult, CEO of Tradeweb, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 13, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

Brad Garlinghouse, CEO of Ripple, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 13, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

Billy Hult, CEO of Tradeweb, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 13, 2026. (Photo by Mandel NGAN / AFP via Getty Images)

Ripple CEO Brad Garlinghouse speaks during the Semafor World Economy Conference in Washington, DC, on April 13, 2026. (Photo by Mandel NGAN / AFP via Getty Images)