#Ripple's CEO Brad Garlinghouse has recently criticized the US Securities and Exchange Commission (SEC) for taking the company’s transparency reports on XRP and using them as evidence against them. In December 2020, the SEC sued Ripple and its executives for allegedly making XRP sales as securities contracts. However, a court ruling recently declared #XRP not a security.

Garlinghouse expressed his disappointment in the #SEC’s actions, commenting that “we started these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward.”