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Ripple weighed shutting down before SEC fight, Scott Melker reveals

Ripple weighed shutting down before SEC fight, Scott Melker reveals
Ripple weighed shutdown amid SEC lawsuit

Scott Melker, owner and content creator, reports that Ripple CEO Brad Garlinghouse said the company considered shutting down and handing XRP to shareholders before deciding to contest the 2020 lawsuit filed by the SEC.

This statement highlights the significant impact the SEC action had on Ripple's strategic decisions related to XRP.

Melker has previously reported on major developments in the digital asset space. Earlier, he noted Vitalik Buterin’s statement that Ethereum’s upcoming rebuild will rival the impact of the Merge and is expected to take several years to complete, according to Buterin's remarks. In a separate market update, Melker reported that JPMorgan raised its S&P 500 year-end target to 7,800, citing strong AI-driven earnings and lower geopolitical risks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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