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.
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