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Jul 12, 2026

Ripple CEO reveals company nearly shut down during SEC lawsuit as XRP community marks three-year anniversary of partial legal victory

Ripple CEO Brad Garlinghouse disclosed that the company seriously considered shutting down after the SEC sued in 2020, spending $150 million on legal defense. The revelation comes as the XRP community celebrates the third anniversary of Judge Analisa Torres's July 13, 2023 split summary judgment ruling.

Jul 12, 2026·7 sources
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Top claims

  • ▪XRP's price underperformed its legal resolution and ETF adoption curves as Ripple's United States business effectively stagnated for five years during the litigation while competitors accumulated partnerships.
  • ▪Passage of the CLARITY Act before the August recess would grant XRP permanent federal classification as a digital commodity, which analysts project could drive the price to $5 or above.
  • ▪Seven United States spot XRP ETFs launched since November 2025, pulling in over $1.29 billion in cumulative net inflows.

Topics

Landmark crypto casesCrypto enforcement actionsAltcoinsSecurities vs. commoditiesCrypto regulation

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