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FOX Journalist Slams Ripple: $10 Billion CEO, But No Financials

  • 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.

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