Brad Garlinghouse, CEO of Ripple, has expressed concerns over the U.S. Securities and Exchange Commission’s (SEC) use of Ripple’s XRP Markets Report as evidence against the company in ongoing legal proceedings. The report, originally intended to promote transparency, has now been used against Ripple. Garlinghouse stated that although the commitment to transparency will remain, there may be changes to future reports. A recent court ruling declared that XRP is not a security, putting it on par with Bitcoin in terms of clarity. This ruling also suggested that the SEC’s approach to regulating cryptocurrencies has been questioned. Ripple shared detailed information about its XRP holdings, highlighting the access portion and the part subjected to lockups.

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