Swapping Quarterly Reports for Real-Time Updates: A Brand-New Approach from Ripple
Ripple Concludes Lawsuit with SEC and Shifts Approach to Market Reporting
Get ready for some game-changing news straight from Ripple! The crypto powerhouse has recently announced it's shaking things up, ditching its quarterly reports in favor of real-time updates. The decision follows their long-awaited resolution of the SEC lawsuit, scheduled for Q1 2025.
First and foremost, Ripple is ending its legal feud with the U.S. Securities and Exchange Commission (SEC). Their markets report confirms that a settlement has been reached, marking the end of a legal battle that began back in 2020 over classifying XRP as a security under U.S. law.
With the legal proceedings finally behind them, the company is taking a bold step in their communication strategy. Ripple will no longer be serving up quarterly XRP updates. Instead, expect a surge of real-time information distributed directly through their official website, social media channels, and blog posts.
Here's what Ripple's CEO Brad Garlinghouse had to say on the matter (X): SEC's usage of Ripple's prior reports during litigation pushed them towards this change. In fact, certain transparency disclosures made since 2017 were cited in SEC filings and eventually used to support arguments around XRP's decentralization.
Don't worry, though, Ripple isn't shying away from transparency. They'll still be disclosing their XRP holdings, but this time it'll be on their website, not limited to quarterly reports. The main difference now is the delivery method, focusing on timely, real-time communication rather than structured quarterly summaries.
All these changes are expected to kick off in Q2 2025, with regular updates reflecting Ripple’s evolving operations and XRP-related metrics. You better keep your eyes peeled for the shine coming straight from Ripple!
And here's a cherry on top – in the same quarter, Ripple scooped up Hidden Road for a whopping $1.25 billion! This acquisition expands Ripple's institutional offerings around the XRP Ledger (XRPL) and boosts the company's capacity to support the growth of their stablecoin, RLUSD.
The Ripple-Hidden Road deal is just one piece of a larger puzzle connecting Ripple's institutional platforms and enhancing its financial products' scalability. According to Ripple, this acquisition is a step towards expanding the XRPL and services related to it.
Now, let's kick back and watch as Ripple rolls out this new communication approach, adapted to crypto markets' dynamic nature and regulatory clarity. As always, they're committed to transparency – but with a modern, timely twist! Keep your eyes peeled for those real-time updates.
- Ripple's CEO Brad Garlinghouse confirmed that the SEC's usage of Ripple's prior reports during litigation was a catalyst for the shift from quarterly reports to real-time updates.
- Ripple will continue to disclose their XRP holdings, but not just in quarterly reports anymore; instead, the disclosures will be made available on their website for real-time access.
- In Q2 2025, Ripple plans to implement regular updates reflecting their evolving operations and XRP-related metrics, marking a departure from structured quarterly summaries.
- The acquisition of Hidden Road for $1.25 billion by Ripple is meant to bolster the company's capacity to support the growth of their stablecoin, RLUSD, and expand its institutional offerings around the XRP Ledger (XRPL).
- Apart from the Ripple-Hidden Road deal, Ripple's goal is to enhance its financial products' scalability by rolling out this new communication approach, tailored to the crypto markets' dynamic nature and regulatory clarity.
