$ASI
Sudden SpikeSnapshot Window: 2026-07-12 07:40 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Ripple CEO Brad Garlinghouse, on the SEC lawsuit: We almost decided to shut down the company... distribute the $XRP to shareholders on a pro-rata basis and Ripple's gone. [Spoken audio]: I'll give the ripple answer. I mean, we almost decided to shut down the company when the SEC sued us. We were like, you know, like the government has infinite power and resources. And again, it's Chris Larson, who's the chairman of the company and the co-founder. And he and I have had a great partnership for a lot of years. And both of us were like, what's the right answer here? And you know, we could have shut it down and distributed. The company owns a lot of XRP, you just distribute the XRP to shareholders on a on a pro-rata basis, end of strike. Okay, you guys think things are securities, Ripple doesn't own it anymore, Ripple's gone. Now, hundreds of people would've lost their jobs. I think that was a bad outcome, but in some ways it was the easier outcome. And that was a difficult decision and obviously I'm glad in retrospect, but that was not obvious at the time.