The former CEO of Ripple, Brad Garlinghouse, believes that the recent ruling in the legal battle between Ripple and the US SEC could have a positive impact on the entire crypto industry. Garlinghouse hopes that the ruling will serve as a wake-up call to the US Congress for the need for upcoming regulations. This victory for Ripple caused a surge in the price of XRP. Garlinghouse also criticized the US government for its lack of regulatory clarity in the crypto industry compared to other nations. He urged Congress to finally take action. The US SEC has been targeting various crypto projects and exchanges, but the legality of their actions is still uncertain.
AI Sentiment: Positive
