Ripple once weighed shutting down and handing XRP to shareholders, CEO says
CoinDesk·
60-second summary
Ripple's CEO Brad Garlinghouse reveals that he and co-founder Chris Larsen considered shutting down the company and distributing its XRP holdings to shareholders in 2020. This drastic measure was a response to the impending lawsuit, but they ultimately chose to fight it. The decision to persevere has significant implications for Ripple's ongoing legal battles and the future of XRP.
Ripple's Brad Garlinghouse says he and co-founder Chris Larsen considered winding the company down and handing its XRP to shareholders before deciding to fight the 2020 lawsuit.