INTERESTING: Brad Garlinghouse says that Ripple considered shutting down when the SEC sued them in 2020.

What happened

Ripple's CEO Brad Garlinghouse said the company thought about shutting down after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple in 2020.

Confirmed

Global impact / market context

If Ripple had closed, the XRP token would have lost its primary developer and promoter, potentially reducing its market use and value for investors who hold the digital asset.

Analyst inference

The lawsuit created uncertainty for the broader crypto market, as regulators' actions can affect how digital assets are treated and whether companies continue operating.

Analyst inference

What to watch

1. Updates on the SEC case outcome, which could determine whether Ripple must change its business model or face further penalties. Proposed
2. Potential settlement negotiations between Ripple and the SEC, which could affect the company's continuation, its business model, and XRP's future prospects in the crypto market. Analyst inference
3. Ripple's operational decisions, such as expanding services or partnerships, that signal its ability to survive legal challenges. Proposed

Affected assets

• XRP — XRP

Evidence

• x.com