Brad Garlinghouse: Ripple Considered Shutting Down and Distributing XRP to Shareholders
Source：
www.coindesk.com
Ripple CEO Brad Garlinghouse said that after the SEC lawsuit in 2020, he and co-founder Chris Larsen seriously considered shutting down the company and distributing its XRP holdings to shareholders. Garlinghouse stated that they chose to fight the SEC rather than close the company, a decision that saved hundreds of jobs but cost Ripple approximately $150 million in legal fees over four years. Ripple ultimately prevailed after a federal judge ruled that XRP itself is not a security. The case was settled last year following a change in SEC leadership, which has adopted a more lenient stance toward cryptocurrencies. (CoinDesk)
