Ripple CEO says SEC suit nearly pushed company to shut down
Ripple CEO Brad Garlinghouse revealed the company nearly shut down during its 2020 SEC lawsuit, with a four-year defense costing $150 million. The firm's substantial XRP reserve provided crucial financial flexibility to continue operations rather than dissolve. Leadership chose to fight, preserving hundreds of jobs. The SEC case concluded in August 2025 with a $125 million penalty.
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