Ripple CEO announces suspension of quarterly reports
Ripple to end quarterly XRP Markets Reports after Q2 2025.
Ripple Labs will discontinue its quarterly XRP Markets Reports following Q2 2025, CEO Brad Garlinghouse announced Monday, marking the end of a transparency initiative that began in 2017.
The decision comes after Ripple’s extended legal battle with the U.S. Securities and Exchange Commission (SEC) concluded a key chapter earlier this year, reports Cryptopolitan.
Post-Lawsuit Shift in Disclosure Strategy
Garlinghouse said future updates on XRP markets and Ripple’s token holdings will be shared via the company’s website and social media instead of through formal quarterly reports. “Our commitment to transparency doesn’t change with this evolution,” he wrote on X, noting that the reports were often “used against us” during litigation.
The SEC withdrew its appeal of the July 2023 ruling that public XRP sales were not securities offerings but continues to contest institutional sales. Ripple’s $125 million fine remains suspended pending appeal in the Second Circuit.
Transparency Debate and IPO Speculation
While Ripple plans to keep publishing holdings data online, the move away from structured reports drew mixed reactions. Some community members argued that informal disclosures could risk misinformation or market manipulation.
Others speculated the change may precede a possible IPO, with one user pointing to growing acquisition activity and the need for regulatory legitimacy. Garlinghouse did not comment on those claims, though Ripple’s acquisition of institutional crypto firm Hidden Road and increasing XRP-based ETP flows could signal expansion plans.
Institutional XRP Demand Accelerates Despite On-Chain Dip
XRP-based exchange-traded products saw $37.7 million in net inflows in Q1 2025, lifting year-to-date totals to $214 million—nearly overtaking Ethereum funds. Spot trading remained active with $3.2 billion in average daily volume, led by Binance and Upbit. However, on-chain metrics like wallet creation and ledger transactions declined 30–40% following late-2024 highs, reflecting broader cooling in Layer 1 activity. Ripple’s stablecoin RLUSD continued to grow, hitting a $90 million market cap and over $300 million in DEX volume.
At publication, XRP traded at $2.11, down 2.8% on the day and 7% below last week’s peak.
Recently we wrote that Ripple Labs has transferred 500 million XRP, worth approximately $1.1 billion, prompting initial concerns over a potential market dump.
