At the Digital Asset Summit (DAS) stage, Ripple CEO Brad Garlinghouse announced that the SEC plans to drop its appeal against Ripple, a significant victory for the crypto company. Attendees responded with a standing ovation, highlighting the importance of this legal case after the regulator had previously targeted Coinbase and other firms. Garlinghouse commented on the arduous journey faced by Ripple, emphasizing their belief in legal and historical correctness. In market updates, Bitcoin rose nearly 2% to around $84,250, while XRP surged 12% to $2.50. Ben Forman from ParaFi engaged in a discussion with Dan Tapiero about the implications of a change in the US administration for crypto, with Tapiero claiming it is the most critical change since the Satoshi whitepaper. Matt Hougan of Bitwise expressed confidence in Bitcoin reaching $200,000 by the end of 2025, citing the demand-supply imbalance against a backdrop of potential economic downturns. Eric Peters of Coinbase noted a growing institutional interest in cryptocurrencies, indicating a shift in investment strategies towards digital assets.

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