Ripple once weighed shutting down and handing XRP to shareholders, CEO says
Ripple CEO Brad Garlinghouse revealed that the company considered shutting down and distributing its XRP holdings to shareholders during its protracted legal battle with the SEC. Ultimately, the company chose to continue operations to protect jobs, eventually securing a legal victory that clarified XRP's status as a non-security.
Why it matters
This insight provides a rare look into the internal decision-making of a major crypto firm facing existential regulatory pressure and highlights the impact of SEC litigation on the industry.
Speaking at the University of Kansas School of Business earlier this week , Garlinghouse said the two seriously considered winding Ripple down and distributing its XRP holdings to shareholders. He described that as the easier path, against a government he said had "infinite power and resources."
The article reports on the CEO's statements while providing context about the legal outcome, maintaining a balanced perspective on the corporate strategy.
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