Ripple once weighed shutting down and handing XRP to shareholders, CEO says
CoinDesk 2026-07-12 06:09:49
Context: In a recent revelation, Ripple CEO Brad Garlinghouse disclosed that he and co-founder Chris Larsen had considered shutting down the company and distributing its XRP holdings to shareholders. This contemplation occurred before the company decided to contest a lawsuit filed in 2020. The lawsuit prompted serious consideration of liquidation.
Key Facts
- Ripple's CEO Brad Garlinghouse revealed that he and co-founder Chris Larsen considered winding down the company and distributing its XRP holdings to shareholders before deciding to fight a lawsuit filed in 2020.
- The contemplated shutdown and distribution of XRP to shareholders was a serious consideration for Garlinghouse and Larsen, indicating the gravity of the situation faced by the company.
- The 2020 lawsuit against Ripple prompted the company to change course and decide to contest the allegations rather than liquidate and distribute its assets.