🦎 XRP will stop publishing quarterly reports due to SEC pressure 🤕
🗣️ The entrepreneur explained that the reports were initially initiated to increase transparency. However, this step, according to him, did not give the expected effect. The company stressed that further reporting will be reformed.
⭕ The company will change the format of disclosure of information about the XRP asset.
⭕ Reports have become the SEC's argument in legal disputes with the company.
⭕ Brad Garlinghouse promises to maintain transparency.
Ripple Labs CEO Brad Garlinghouse announced the termination of the publication of quarterly reports on XRP.
The head of the firm referred to the fact that the previously provided data was used against the firm by the US Securities and Exchange Commission (SEC). However, this step, according to him, did not give the expected effect. The company stressed that further reporting will be reformed.
📄 According to Garlinghouse, Ripple will continue to share information about XRP assets on its website.