Ripple's Brad Garlinghouse says he and co-founder Chris Larsen considered winding the company down and handing its XRP to shareholders before deciding to fight the 2020 lawsuit.
- Ripple Chief Executive Brad Garlinghouse said he and co-founder Chris Larsen seriously considered shutting the company down and distributing its XRP to shareholders after the SEC sued in 2020.
- Garlinghouse said they chose to fight the SEC rather than close, a decision he said preserved hundreds of jobs but cost Ripple about $150 million in legal fees over four years.
- Ripple ultimately prevailed when a federal judge ruled XRP itself is not a security, and the case was settled last year after a change in SEC leadership that has taken a more accommodating stance toward crypto.
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Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
President Trump declares 'energy ceasefire' between Russia and Ukraine
One year after 10/10 flash crash, bitcoin and ether liquidity have rebuilt, but altcoins still face risks
Bitcoin's $19 billion wake-up call: One-year after flash crash, has crypto learned anything?
Original sourceCoinDesk
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