Ripple Releases Q2 2023 XRP Markets Report Amidst Criticism from CEO
– Ripple, the crypto payments solutions firm, has published its Q2 2023 XRP Markets Report.
– The report aims to provide transparency to the cryptocurrency industry by sharing insights into Ripple’s XRP holdings and on-ledger escrow activities.
– Ripple’s XRP holdings increased by 45 million in this quarter, reaching a total of 5,551,119,094 XRP, while the on-ledger escrow saw a decrease of nearly 1 billion XRP.
– Ripple CEO Brad Garlinghouse expressed disappointment that the SEC used the report against the company in the ongoing lawsuit.
– XRP lawyer John Deaton also criticized the SEC for leveraging the report in the legal battle and raised questions about the SEC’s approach.
Ripple’s Commitment to Transparency Amidst Lawsuit
Ripple CEO Brad Garlinghouse and XRP lawyer John Deaton have condemned the SEC for using Ripple’s Q2 2023 XRP Markets Report against the company in the ongoing lawsuit. Despite Ripple’s voluntary efforts to provide transparency, the SEC’s actions have raised concerns about their approach. As the lawsuit unfolds, stakeholders eagerly await further developments and the potential implications for Ripple’s operations and the broader crypto landscape.