'Unsavable': Lawyers Told Ripple Execs to Abandon Company

utoday07-12 05:59

The early days of Ripple Labs’ historic legal battle with the U.S. Securities and Exchange Commission (SEC) were far more precarious than previously known. In fact, the company’s executive leadership ...

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And you know, we could have shut it down and distributed…the XRP to shareholders on a pro rata basis. End of story.\"\"I think that was a bad outcome, but in some ways it was the easier outcome, and that was a difficult decision,\" Garlinghouse stated, adding that the company's very survival was not obvious back then. \"Unsavable\"Some social media commentators have questioned whether a multi-billion-dollar firm was truly on the verge of collapsing so quickly. 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However, this is just speculation (as the Ripple vet has clarified). \"I'm not really sure why I think that, so feel free to disagree,\" he said.Schwartz doubled down on his intuition when asked specifically about the Ethereum-related conspiracy. \"Again, I don't have good evidence for this,\" Schwartz reiterated, \"but I do feel it is more real than fake.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2650163233","isCrawlerRequest":true}