Ripple CEO Reveals Near Shut Down Due to SEC Lawsuit Over XRP
Ripple CEO Reveals Near Shut Down Due to SEC Lawsuit Over XRP
Ripple CEO Brad Garlinghouse disclosed that the company seriously considered shutting down operations rather than engaging in a prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) following the 2020 lawsuit concerning the sale of XRP.
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
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