Ripple once weighed shutting down and handing XRP to shareholders, CEO says

Ripple's CEO Brad Garlinghouse revealed that the company almost shut down and distributed its XRP holdings to shareholders before opting to confront the 2020 lawsuit. This decision came at a time when the company faced significant legal and financial challenges. The revelation underscores the severity of the situation and highlights the pivotal moment when Ripple chose to fight rather than fold. This move has long-term implications for the future of XRP and the broader cryptocurrency market, emphasizing the company's commitment to its vision despite adversity.