On August 2, Ripple CEO Brad Garlinhouse expressed his displeasure with the US Securities and Exchange Commission (SEC) for using Ripple’s quarterly markets Report, which is intended to improve transparency in the cryptocurrency industry, as evidence against the firm in the continuing case.
Garlinghouse noted that the reports were started with the intention of freely providing updates on their XRP holdings.
These reports, according to the CEO, were eventually “used against” the company in the SEC complaint.
Garlinghouse reaffirmed the company’s commitment to transparency, but warned that future reports may alter.
According to an official announcement made on July 31, Ripple, the crypto payments solutions company, released its Q2 2023 XRP Markets Report.