Ripple's Voluntary Disclosure Might Have Saved It from Additional SEC Charges, Says XRP Holders' Lawyer

08/02 10:55

John Deaton, the lawyer representing XRP holders, has praised Ripple Labs Inc. for publishing its latest quarterly report, stating that the transparency move may have saved the company from additional charges from the SEC. Deaton noted that as a privately held company, Ripple is not obligated to disclose its financial standing or internal operations, making the voluntary disclosure a major detour from other related companies. The report revealed Ripple's total XRP holdings and the coin it manages in escrow, and has been well-received by the broader community as it debunks misconceptions surrounding the XRP ruling.
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