Brad Garlinghouse's account shows how a token reserve can shape a company's room to survive a long regulatory fight.
Ripple nearly shut down after the U.S. Securities and Exchange Commission (SEC) sued the company, with CEO Brad Garlinghouse considering whether to end operations, distribute XRP holdings to shareholders, and close the business. Ripple Considered Closing After SEC Lawsuit Put Company at Risk Ripple CEO Brad Garlinghouse revealed that the company considered shutting down after […]
Ripple came close to shutting down rather than fighting the SEC, CEO Brad Garlinghouse revealed. He described the decision he and co-founder Chris Larsen faced after the agency sued the company in 2020. Why Ripple Nearly Shut Down After the SEC Lawsuit The SEC sued Ripple in 2020, claiming it had sold XRP as an
Ripple CEO Brad Garlinghouse says Ripple nearly closed after the SEC lawsuit, but chose a $150 million legal fight to protect its workforce.
Ripple's legal battle reshaped crypto regulations, influencing token sales, exchange listings, and regulatory approaches globally.
