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Ripple Considered Shutdown, Distributing XRP to Shareholders During SEC Legal Battle, CEO Reveals
Brad Garlinghouse revealed that Ripple Labs seriously considered shutting down and distributing its XRP holdings to shareholders after the SEC sued the company in 2020. Ripple has since expanded its institutional payments, stablecoin and custody businesses following greater regulatory clarity around XRP.
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cryptobriefing.com
Ripple CEO Brad Garlinghouse reveals company nearly shut down during SEC lawsuit
Ripple CEO Brad Garlinghouse revealed the company nearly shut down after the SEC sued in 2020, detailing the five-year legal fight and its $125 million
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coindesk.com
Ripple once weighed shutting down and handing XRP to shareholders, CEO says
Ripple's Brad Garlinghouse says he and co-founder Chris Larsen considered winding the company down and handing its XRP to shareholders before deciding to fight the 2020 lawsuit.
