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cryptoJul 12, 2026, 9:04 AM

Ripple's CEO Reveals Company Considered Shutting Down After SEC Lawsuit

Ripple CEO Brad Garlinghouse stated that after the SEC filed a lawsuit in December 2020, the leadership seriously discussed shutting down the company and distributing XRP holdings to shareholders, but ultimately decided to fight in court. The legal battle cost Ripple approximately $150 million over four years, and the case was finally settled in August 2025 under a new SEC chair.

XRP

Ripple CEO Brad Garlinghouse revealed that the company's board seriously considered dissolving the firm and distributing its XRP inventory to shareholders following the SEC lawsuit filed in December 2020. The alternative was to fight the case in court, which the leadership ultimately chose.

The legal battle stretched over four years, costing Ripple approximately $150 million in legal fees. According to Garlinghouse, the company managed to preserve its business and hundreds of jobs throughout the process.

The SEC and Ripple finally reached a settlement in August 2025, by which time the SEC was under new leadership. The resolution ended a lengthy regulatory dispute that had cast uncertainty over the company and the XRP token.

Source: ForkLog