Ripple CEO Reveals Company Considered Closure Amid SEC Lawsuit
In a recent talk, Ripple's CEO Brad Garlinghouse disclosed that the company contemplated shutting down due to the SEC lawsuit, highlighting the intense pressure faced by the firm.
Editorial Staff
1 min read
Updated about 13 hours ago
During a discussion at the University of Kansas School of Business, Ripple CEO Brad Garlinghouse shared insights into the company's struggles following a lawsuit from the Securities and Exchange Commission (SEC).
Garlinghouse revealed that he and co-founder Chris Larsen seriously considered folding the company as they navigated the legal challenges posed by the SEC.
Despite these challenges, Garlinghouse emphasized the determination of Ripple to fight back and continue its operations in the blockchain space.