Ripple CEO says SEC suit nearly pushed company to shut down
Ripple CEO Brad Garlinghouse said he and co-founder Chris Larsen seriously considered shutting the company down after the SEC sued in 2020 and distributing Ripple’s XRP holdings to shareholders. In a KU Hustle interview, Garlinghouse said they chose to fight instead because closing Ripple would have cost hundreds of jobs. He estimated the four-year legal…