One of the most important companies in crypto came within reach of disappearing entirely — and taking its plan for $XRP with it. In a candid talk this week, Ripple CEO Brad Garlinghouse revealed just how close the firm came to shutting down and handing its XRP treasury to shareholders rather than fighting the SEC. Here is the xrp news today and why it still matters for the xrp price.
What Did Ripple's CEO Actually Reveal?
Speaking at the University of Kansas School of Business, Garlinghouse said he and co-founder Chris Larsen seriously considered winding Ripple down and distributing its XRP holdings to shareholders after the SEC sued the company in 2020. The mechanics were surprisingly simple: Ripple holds a large treasury of XRP, so the founders could have distributed those tokens to shareholders on a pro rata basis and wound the business down — a maneuver not unlike an airdrop to equity holders. Doing so would have ended the case outright, since Ripple could then tell the regulator it no longer held the asset the SEC claimed was a security.
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