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When Ripple CEO Brad Garlinghouse shared on the Digital Asset Summit stage that the SEC plans to drop its appeal against Ripple, attendees in North Javits’ main auditorium gave a standing ovation.

The SEC’s appeal was one of the remaining major legal cases against a crypto player after the revamped securities regulator dismissed its suit against Coinbase and ended probes into other segment firms.

It was “a painful journey,” Garlinghouse noted, spurred by an agency “trying to bully” companies in the segment. 

“As we said then…I really, deeply believed that we were…

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