Ripple CEO slams SEC over the use of XRP report in lawsuit By Cointelegraph

CEO Brad Garlinhouse on Aug. 2 expressed his disapproval of the United States Securities and Exchange Commission for utilizing Ripple’s quarterly XRP (XRP) Markets Report, designed to enhance transparency in the cryptocurrency industry, as evidence against the company in the ongoing lawsuit.

Garlinghouse stated that the company initiated the reports with the intention of voluntarily offering updates on its XRP holdings. However, the CEO said these reports were later “used against” the company in the SEC’s lawsuit. Garlinghouse reiterated the company’s commitment to transparency but hinted that future reports might undergo some changes.