Ripple Executives Told Company Was 'Unsavable' After SEC Lawsuit
In the early days of the SEC's lawsuit against Ripple in December 2020, legal advisors reportedly told executives that the company had little chance of survival and should cut a deal to protect themselves. Ripple CTO David Schwartz confirmed these claims on X, stating lawyers advised them to abandon efforts due to high settlement pressure from personal liability threats.
Tickers: $XRP
Topics: executive liability Ripple SEC lawsuit