Ripple once weighed shutting down and handing XRP to shareholders, CEO says
Ripple CEO Brad Garlinghouse revealed that the company considered shutting down and distributing its XRP holdings to shareholders during its protracted legal battle with the SEC. Ultimately, the company chose to continue operations to protect jobs, eventually securing a legal victory that clarified XRP's status as a non-security.
Speaking at the University of Kansas School of Business earlier this week , Garlinghouse said the two seriously considered winding Ripple down and distributing its XRP holdings to shareholders. He described that as the easier path, against a government he said had "infinite power and resources."
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