Ripple CFO resigns after “memorable” times

Kristina Campbell, Ripple’s chief financial officer (CFO), has stepped down from the cryptocurrency payments platform to assume a similar role at Maven Clinic, a virtual healthcare provider.

The news came out as Campbell updated her LinkedIn profile to reflect her departure from Ripple, which occurred in October. She had spent more than two years with the company. Before joining the team at Ripple in April 2021, Campbell held the position of CFO at payments platform PayNearMe for over four years. Her LinkedIn update did not note the specific reasons for her leaving the Ripple, but she mentioned having had a “memorable” experience at the company. It has not been stated whether her departure is related to the regulatory investigations faced by Ripple in the United States.

She noted that she’s excited to join the healthcare provider, saying:

“I’m thrilled to share that I will be joining Maven Clinic as CFO. Throughout my career, I’ve seen firsthand how technology can make people’s lives better, and Maven is proving that every day at the forefront of healthcare… While healthcare is a complex, highly-regulated industry like fintech, it’s new to me.”

Ripple’s ongoing legal battles

Her departure from the cryptocurrency company comes amid Ripple’s ongoing legal battles with the United States Securities and Exchange Commission (SEC). The current dispute between Ripple and the SEC first came into news in December 2020 and focused mainly around the sale of Ripple’s XRP token – which the SEC believe to be a security.

While the two are still wrapped up in legal conflict, a federal judge ruled that XRP was not a security when sold to retail investors in July of this year. The Sec appealed the ruling in October, and the ruling has since been upheld. The trail with the SEC against Ripple is set to take place in April of next year. Around the same time, the trial of FTX’s former CEO Sam Bankman-Fried will take pace and in September, the former Celsius CEO Alex Mashinsky will begin.

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