Ripple to stop XRP reports after SEC ‘used transparency against it’

Ripple has announced plans to “sunset” its quarterly reports and change the way it reports its XRP holdings after previous transparency efforts were used against it by the Securities and Exchange Commission (SEC).According to the company’s Q1 2025 XRP Market Report, it launched the quarterly reports to “provide transparency into Ripple’s XRP holdings” and to “offer insights that few others in the industry were willing to share.”However, the report claims that this reporting “has not had the intended effect” and that “Ripple’s transparency has been used against the company — most notably by former SEC leadership.”It has not yet been announced exactly what form the new-look reporting will take, but CEO Brad Garlinghouse took to X to reassure those with an interest in Ripple and XRP.“Our commitment to transparency doesn’t change with this evolution — we will continue to publish our XRP holdings on http://ripple.com/xrp,” he wrote.He added, “Ripple & XRP-related ongoing updates will also be shared through existing social channels, rather than collated for a single, end-of-the-quarter update.”Q1’25 was an incredible quarter for Ripple, with our acquisition of Hidden Road and end to the SEC case, not to mention institutional interest in XRP ETPs globally.Moving forward, the XRP Markets Report will look a little different. As some may remember, the objective of... https://t.co/0f9oarmi70— Brad Garlinghouse (@bgarlinghouse) May 5, 2025Read more: Ripple was Trump inauguration’s top crypto donor before SEC regulatory shiftRipple’s Q1 report also states that it will publish “additional perspectives and insights” as more institutions engage with XRP.Last month, the SEC filed a joint motion with Ripple to pause its appeal against the firm. The motion sought to reach a “negotiated resolution” to the 2020 case that alleged that Ripple’s XRP token was unregistered.The case almost concluded in 2023 with a ruling that mostly favored Ripple. However, the SEC appealed this decision in 2024.It was also revealed last month that Ripple Labs donated $4.9 million to Donald Trump’s January inauguration, just three months before the SEC began pausing appeals and reducing fines against the firm.Protos has contacted Ripple to find out more about the exact form its revamped reporting will take and will update if we hear back.Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.The post Ripple to stop XRP reports after SEC ‘used transparency against it’ appeared first on Protos.