XRP Reports Undergo Major Shift, Ripple CEO Confirms

The XRP community is abuzz after Ripple CEO Brad Garlinghouse revealed a major update regarding how XRP-related information will be shared publicly going forward. This strategic shift emphasizes Ripple’s evolving communication methods while reaffirming its commitment to transparency, a value deeply embedded within the XRP ecosystem.

In a post shared on the social media platform X, Garlinghouse explained that Ripple’s traditional quarterly XRP Markets Report will no longer be released in a consolidated format. Instead, pertinent updates concerning Ripple’s XRP holdings will now be shared periodically through other channels, primarily blog posts and social media updates. This announcement marks the end of a transparency practice that Ripple began as early as 2017.

The original goal of these quarterly reports was to set a precedent in the cryptocurrency sector for openness and clarity. However, Garlinghouse noted that the reports were later used against them by the U.S. Securities and Exchange Commission (SEC) during legal proceedings. The SEC reportedly cited these disclosures to argue that XRP wasn’t decentralized enough, drawing sharp criticism from Ripple’s leadership. With the regulatory landscape intensifying, Ripple’s new strategy marks a proactive adjustment in light of external legal pressures.

Garlinghouse emphasized that although the reporting structure is changing, Ripple is not backing away from its core value of transparency. Instead, the company believes the updated format allows for a more agile, responsive communication model that maintains clarity without inadvertently fueling regulatory misinterpretations.

Coinbase CEO Voices Support for Stablecoin Legislation

In related developments within the digital currency sector, Coinbase CEO Brian Armstrong recently made waves by publicly supporting the GENIUS Act, a new legislative proposal aimed at regulating stablecoin issuers. Taking to the platform X, Armstrong urged U.S. Senators to begin discussions on the bill without delay.

The proposed legislation introduces a federal licensing system for stablecoin issuers, compelling them to maintain sufficient reserves and creating a two-tier regulatory structure. Large issuers would fall under federal oversight, while smaller entities could continue operating under state jurisdiction. According to the U.S. Treasury, the stablecoin market—which currently sits at $230 billion—could surge to $2 trillion by 2028, fueled by clearer regulations and institutional interest. However, there’s mounting concern that such growth could siphon off deposits from traditional banking systems, intensifying the urgency for Congress to act before its August recess.

Hyperactivity Around Shiba Inu Highlights Meme Coin Buzz

Meanwhile, meme token enthusiasts had their attention captured by Shiba Inu (SHIB) as it once again approaches the threshold to drop a zero from its price. While SHIB briefly reached that milestone recently, it failed to maintain the momentum. Analysts and community members speculate that the token still holds potential for achieving this benchmark, citing both current asset performance and seasonal trends.

At present, SHIB is trading at $0.00001275—up 1.55% over the last 24 hours—and has risen approximately 3.8% over the past month. Notably, May has historically been strong for SHIB. Past performance data indicates average May gains of around 61%, with standout years like 2021 witnessing surges as high as 355.4%. A 13% increase was also seen during May last year. Additionally, ongoing token burns could further elevate SHIB’s momentum in the short term.

Related: Expert Advice: Sell XRP If You’re Confused

As Ripple adjusts its communication strategy for greater flexibility, and legislative efforts surrounding stablecoins gain traction, market participants are watching closely. XRP holders in particular will be keen to see how this shift impacts investor sentiment and regulatory direction in the coming months.