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Tuesday, 05/06/2025 - 05:18
Ripple has abandoned the quarterly format for its XRP Markets Report.
with it
Ripple CEO Brad Garlinghouse announced that the institutional blockchain company will no longer issue quarterly XRP Markets Reports.
From now on, Ripple’s XRP holdings will be published on the official company website.
The community will now be able to receive updates about the company and XRP through a series of social media posts and blogs. These updates will not be compiled into a single report, which may mitigate the legal burden of such disclosures.
Ripple originally began publishing reports in 2017 to ensure greater transparency. Garlinghouse claims that the transparency guaranteed by the report has been 'exploited' by the U.S. Securities and Exchange Commission (SEC). It is noteworthy that the regulatory body, which sued Ripple in 2020, cited some of the company's disclosures to prove that XRP is not decentralized enough.
He said, 'As some may remember, the goal of publishing these reports starting in 2017 was transparency regarding Ripple's XRP holdings, which have unfortunately been used against us by the Securities and Exchange Commission and others.' As reported by U.Today, Ripple's latest report, the last report released in the traditional format, revealed that the company holds nearly 45.86 billion tokens. This amount includes both Ripple's holdings of XRP and the tokens currently held in escrow. The value of the tokens managed by the company is nearly $99 billion at current prices. Despite abandoning the traditional format, Ripple remains 'committed to transparency.' #RippleNews #BradGarlinghouse #XRPNews
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