CoinDesk
Shocking Reveal: Ripple CEO Admits Considering Shutdown and Distributing XRP to Shareholders
July 12, 2026•03:09 AM
In a bombshell revelation, Ripple CEO Brad Garlinghouse disclosed that the company once weighed the possibility of winding down operations entirely. The leadership team, including co-founder Chris Larsen, seriously contemplated dissolving the firm and handing XRP directly to shareholders as an exit strategy.
This pivotal moment occurred just before Ripple decided to fight the landmark 2020 lawsuit, a decision that ultimately preserved the company's future. The context of this near-collapse underscores the high stakes involved in the legal battle for XRP and the profound impact the outcome has had on the entire crypto industry.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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