Brad Garlinghouse, the CEO of Ripple, is estimated to be worth around $10 billion, but no public filing from Ripple about the company's financials has been seen.
The lack of financial transparency of Ripple could be a significant concern during the confirmation hearing of Paul Atkins, the nominee to lead the US Securities and Exchange Commission.
Ripple, being a privately held company, is not required to submit comprehensive financial statements like public companies under US securities law.
Ripple's CEO Brad Garlinghouse has not commented on the concerns raised, and the legal case and upcoming confirmation hearing may lead to potential scrutiny of Ripple's financial disclosure obligations.