Ripple CEO Brad Garlinghouse has stated that the company’s quarterly financial reports may change in format after the US Securities and Exchange Commission (SEC) used the firm’s disclosures against it in a lawsuit. However, XRP holders’ lawyer John Deaton believes that Ripple’s transparency has protected the company from fraud and manipulation allegations. Ripple’s recent report also addressed misconceptions following the court’s ruling, clarifying that the ruling was a victory for both Ripple and the crypto industry as a whole. The report also highlights Ripple’s increased XRP holdings and reduced total XRP on ledger escrow. Deaton emphasizes that Ripple’s transparency has prevented the SEC from including fraud charges in the lawsuit.
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