Altcoins News
By Sakamoto Nashi
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Ripple CEO Brad Garlinghouse has introduced that the company will no longer release its quarterly XRP markets reports.
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Ripple’s quarterly reports, which began in 2017, were originally introduced to provide transparency regarding the company’s holdings and sales of XRP.
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The SEC filed its lawsuit against Ripple in December 2020, accusing the company of selling XRP as an unregistered security.
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In response to these legal challenges, Ripple has made the decision to move away from the quarterly format.
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Despite the shift in reporting strategy, Ripple remains committed to maintaining transparency.
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The decision comes at a time when Ripple holds a significant portion of the total XRP supply.
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While this shift in reporting format is seen as a strategic move to protect Ripple from further regulatory scrutiny, it also underscores the challenges that crypto companies face…
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In the end, Ripple’s move to end its quarterly XRP reports reflects the evolving relationship between cryptocurrency companies and regulators, as well as the growing need for…
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