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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a post on X, Fox Business reporter Charles Gasparino has raised questions about Ripple and its CEO Brad Garlinghouse. According to Gasparino, Garlinghouse may now be worth an estimated $10 billion—yet the firm’s financial disclosures remain largely concealed from public view. Ripple CEO Faces Scrutiny “With the recent price surge in XRP, the net worth of Brad Garlinghouse, Ripple’s CEO, is around $10 billion, making him one of the richest people in the country,” Gasparino wrote. “And yet, why hasn’t anyone seen a public filing from Ripple about just how much money the company makes? Ripple is a business after all, in the traditional sense. It is not a blockchain experiment.” He further hinted that this lack of transparency could become a pivotal issue for Paul Atkins, the former SEC Commissioner who has been nominated by President Donald Trump to lead the US Securities and Exchange Commission (SEC). Atkins is scheduled to appear before the Senate Banking Committee on March 27, 2025, for his confirmation hearing, where he is expected to face lawmakers like US Senator Elizabeth Warren. “That’s going to be the key question for Paul Atkins and the SEC on the Ripple case going forward. Retail trading of XRP passes the decentralization test, according to the SEC. But there’s no doubt it was used to build the Ripple platform, which is a business. Under securities laws, that usually mandates disclosures of financials. This could come up during Atkins confirmation hearing next week from someone like Senator Warren who does know securities laws, I am told,” Gasparino wrote. Garlinghouse and Ripple, for their part, have not publicly commented on Gasparino’s remarks. While the company is known for releasing quarterly XRP Markets Reports detailing its token holdings…

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Filed under: News - @ March 22, 2025 2:26 am