Brad Garlinghouse, CEO of Ripple, believes that the recent ruling by Judge Torres in the legal battle between Ripple and the US SEC could have a positive impact on the entire crypto industry. He hopes that the ruling will serve as a wake-up call to US Congress for upcoming regulations.

The ruling was considered a major win for Ripple, as Judge Torres ruled that almost all sales of XRP do not constitute securities transactions. Garlinghouse also hopes that the ruling will set a positive precedent for other digital tokens in the US and encourage Congress to provide more regulatory clarity for the crypto industry.