.JohnEDeaton1 claims Ripple might have faced fraud allegations if not for its transparency
, Deaton said that while the information it periodically declares has, in a way, been used against the company by the market regulator and other players in the industry, it has largely prevented an accusation of fraud that might notably offset the company's integrity.To Deaton, the SEC could have brought on bogus fraud, misrepresentation and manipulation charges if it could. The firm's transparency is a major voluntary move that is now the company's savior at this time.
The report that Deaton referenced is the second-quarter performance highlight in which the company revealed its total XRP holdings as well as the coin it manages in escrow.earlier, Ripple said its XRP subjected to on-ledger escrow is pegged at 41,900,000,005, while the total XRP it holds as a company at the end of the second quarter ended in June was pegged at 5,551,119,094.
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