Ripple CEO Says SEC Lawsuit Nearly Ended Company
Speaking at the University of Kansas School of Business, Garlinghouse said the lawsuit created an existential crisis for Ripple, forcing leadership to weigh whether continuing the fight against U.S. regulators was worth the risk.
“We almost decided to shut down the company when the SEC sued us.”
The SEC accused Ripple of raising more than $1.3 billion through unregistered XRP sales, triggering a legal battle that lasted for years. Despite the uncertainty, Ripple chose to fight the case rather than close its doors.
A Defining Moment for Ripple
Garlinghouse said the decision ultimately reshaped both Ripple and the broader digital asset industry. The case became one of the most closely watched regulatory battles in the U.S., influencing how digital assets are viewed under securities laws.
With the legal fight now behind it, Ripple has shifted its focus back to expanding its business after surviving what Garlinghouse described as one of the toughest periods in the company’s history.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
