Brad Garlinghouse (@bgarlinghouse): Q1’25 was an incredible quarter for Ripple, with our acquisition of Hidden Road and end to the SEC case, not to mention institutional interest in XRP…

Q1’25 was an incredible quarter for Ripple, with our acquisition of Hidden Road and end to the SEC case, not to mention institutional interest in XRP ETPs globally. Moving forward, the XRP Markets Report will look a little different. As some may remember, the objective of publishing these reports starting in 2017 was transparency into Ripple’s holdings of XRP, which unfortunately was then used against us by the SEC and others. Our commitment to transparency doesn’t change with this evolution -- we will continue to publish our XRP holdings on ripple.com/xrp. Ripple & XRP-related ongoing updates will also be shared through existing social channels, rather than collated for a single, end of the quarter update. Quote [@Ripple](https://www.twitter.com/Ripple/status/1919456339094602203) > The start of 2025 saw major momentum for Ripple, XRP, and the broader crypto industry. > > The Q1 2025 XRP Markets Report is here: on.http://ripple.com/4ddi18o > > Highlights include: > ⚖️SEC and Ripple reached an agreement to end the lawsuit > 🔗Hidden Road acquired for $1.25B to scale XRPL and RLUSD adoption > 🏦 Institutional demand rises for XRP-based investment products > 🇺🇸 U.S. policy shift signals more clarity, more opportunity > > *Starting in Q2, the XRP Markets Report is evolving. We will continue to be transparent and share relevant updates on Ripple and XRP-related announcements through official channels, including @Ripple and @RippleXDev, and will maintain public access to our XRP holdings on ripple.com.