Ripple CEO reveals firm considered shutdown before fighting SEC lawsuit

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Ripple CEO Brad Garlinghouse has disclosed that he and co-founder Chris Larsen once seriously considered shutting the company down entirely. The two leaders contemplated distributing Ripple's XRP holdings directly to shareholders as part of a potential wind-down plan. This decision point arose in the context of the SEC lawsuit filed against Ripple in 2020. Ultimately, Garlinghouse and Larsen chose to fight the legal battle rather than dissolve the company.

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