The CEO of Ripple Brad Garlinghouse has announcement That the company Blockchain Enterprise will no longer publish its reports on the XRP markets on a quarterly basis.
From now on, Ripple's XRP holdings will always be published on the company's official website.
The community will now be able to receive updates to the company and XRP via a series of social media and blog posts. They will no longer be grouped in a single report, which will potentially reduce the legal weight of these disclosure.
Ripple initially started to publish reports in 2017 to ensure greater transparency.
Garlinghouse says that the transparency provided by the report has been “armed” by the Securities and Exchange Commission of the United States (SEC). It should be noted that the regulator, which continued Ripple in 2020, referred to some of the company's disclosure in order to argue that XRP is not sufficiently decentralized.
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“As some may remember, the objective of publishing these reports from 2017 was transparency in the assets of Ripple of XRP, which was unfortunately used against us by dry and others,” he said.
As reported by U.TODAY, Ripple's latest report, the last published in traditional format, revealed that the company holds nearly 45.86 billion tokens. This sum includes both the XRP operations of Ripple and the tokens which are currently locked in sequestration. The tokens controlled by the company are worth nearly $ 99 billion at current prices.
Despite the abandonment of the traditional format, Ripple is still “attached to transparency”.
