Ripple CEO slams SEC over the usage of XRP report in lawsuit

CEO Brad Garlinhouse on Aug. 2 expressed his disapproval of the US Securities and Change Fee for using Ripple’s quarterly XRP (XRP) Markets Report, designed to reinforce transparency within the cryptocurrency business, as proof in opposition to the corporate within the ongoing lawsuit.

Garlinghouse acknowledged that the corporate initiated the reviews with the intention of voluntarily providing updates on its XRP holdings. Nonetheless, the CEO stated these reviews had been later “used in opposition to” the corporate within the SEC’s lawsuit. Garlinghouse reiterated the corporate’s dedication to transparency however hinted that future reviews would possibly endure some modifications.

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