Ripple Once Weighed Shutting Down and Handing XRP to Shareholders, CEO Says
2026-07-12 06:51:24
Ripple CEO Brad Garlinghouse said he and co-founder Chris Larsen once seriously considered winding the company down and distributing its XRP holdings to shareholders after the SEC sued Ripple in 2020. Speaking at the University of Kansas School of Business, Garlinghouse said the firm could have handed XRP to shareholders on a pro rata basis and dissolved, but chose to fight to avoid costing hundreds of jobs, according to CoinDesk. He put legal costs at $150 million. Ripple later prevailed when Judge Analisa Torres ruled XRP itself is not a security, and the sides settled in May last year.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
四方拟设立10亿元新能源并购基金Next article：
世界杯第30日：贝林厄姆双响英格兰加时逆转挪威，阿根廷加时击退十人瑞士——四强全部诞生
