Ripple CEO Says Company Considered Folding Before SEC Fight

Ripple’s CEO says the blockchain company considered shuttering following an Securities and Exchange Commission (SEC) lawsuit. In a talk at the University of Kansas School of Business , Brad Garlinghouse said he and co-founder Chris Larsen weighed winding down the company and distributing its XRP cryptocurrency holdings to shareholders. The company saw this as the easier path when facing a government with “infinite power and resources,” said Garlinghouse, whose comments were reported Sunday (July