🔥$XRP . Ripple says XRP reports will look different moving forward, avoiding an SEC repeat-case scenario
Ripple CEO Brad Garlinghouse announced late Monday that the company will end its quarterly XRP Markets Report updates after Q2 2025. The CEO wants Ripple Labs to improve its transparency following the end of a prolonged legal battle with the US Securities and Exchange Commission (SEC).
Garlinghouse made the announcement via a post on social media platform X, in which he described the first quarter of 2025 as “incredible” for Ripple for the acquisition of institutional crypto firm Hidden Road, the conclusion of the SEC’s appeal, and a surge in global institutional interest in XRP-based exchange-traded products (ETPs).
“Moving forward, the XRP Markets Report will look a little different,” Garlinghouse wrote. “Our commitment to transparency doesn’t change with this evolution.”
SEC withdrew appeal, but Ripple case not fully resolved
Ripple has been publishing quarterly reports since 2017 to provide insight into the company’s XRP holdings and market activity. However, Garlinghouse noted that this transparency was “unfortunately… used against us by the SEC and others,” referencing the commission’s past arguments that relied in part on Ripple’s own disclosures.
Still, the court also delivered a partial win to the regulator, concluding that $728 million in XRP sold to institutional investors did fall under securities laws. Ripple was fined $125 million in August 2024, though the penalty remains suspended as Ripple appeals the ruling to the 2nd US Circuit Court of Appeals in Manhattan.
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