Ripple Labs has announced a change in the format of its disclosure regarding the XRP asset. This decision was made in response to the use of previously provided data in legal disputes with the U.S. Securities and Exchange Commission (SEC).
This is reported by Business • Media
Brad Garlinghouse, the company’s CEO, noted that quarterly reports were initially initiated to enhance transparency. However, he stated that this step did not yield the expected results. “Ripple will continue to share information about XRP assets on its website,” he emphasized.
A New Vision for Transparency
The company’s management is confident that future disclosures will be reformed in accordance with the requests of institutional investors, who are showing increasing interest in XRP. All updates will be provided through official online channels, independent of quarterly results.
Context and Recent Events
It is worth noting that in March 2025, the SEC dropped its case against Ripple, which examined the status of the XRP token. The 2023 court ruling partially supported the company’s position; however, the Commission continued to apply pressure and demanded a fine.
On April 30, 2025, Bloomberg reported that Ripple Labs attempted to acquire Circle, the issuer of the second-largest stablecoin, USDC. Ripple’s offer ranged from $4 to $5 billion, but the company was declined. It was also recently revealed that Ripple plans to acquire the crypto broker Hidden Road for $1.25 billion.