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Ripple CEO Brad Garlinghouse criticizes the SEC for using a report on XRP in its

Last updated on August 8, 2023

In a recent statement, Ripple CEO Brad Garlinghouse emphasized the company’s unwavering commitment to transparency. However, he also indicated that there could be some changes in the way future reports are presented.

Garlinghouse’s remarks came in response to ongoing concerns regarding Ripple’s financial transparency. The company has faced criticism and legal challenges over the years, with some accusing it of not being transparent enough in its financial reporting.

To address these concerns, Ripple has been publishing regular reports on its sales of XRP, the cryptocurrency closely associated with the company. These reports aim to provide transparency and insight into Ripple’s operations and XRP sales.

Garlinghouse acknowledged the importance of transparency and assured the community that Ripple would continue to provide information and reporting on its activities. However, he also hinted that there might be adjustments to the format and presentation of future reports.

While Garlinghouse did not provide specific details on the potential changes, it shows that Ripple is open to improving its transparency practices. By adapting the reporting methods, Ripple aims to better address any lingering doubts or concerns raised by stakeholders.

Overall, Ripple remains committed to transparency, recognizing its significance for building trust and credibility in the industry. It is likely that the company will make necessary adjustments to enhance its reporting methods and provide even clearer insights into its financial activities.

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