Kristina Campbell, who served as the Chief Financial Officer (CFO) at Ripple Labs, has announced her resignation from the company. She is embarking on a new journey by joining a healthcare company after her tenure overseeing the company’s finances during the legal battles with the SEC.
In a LinkedIn post, Campbell expressed her gratitude, saying, “I want to extend my heartfelt thanks to everyone at Ripple for making the past few years truly unforgettable.”
Resignation of Ripple’s CFO Marks Exit from the Crypto Industry
Campbell officially disclosed her decision to step down through a LinkedIn statement on October 9.
According to her LinkedIn profile, she joined Ripple in April 2021, just five months after the US Securities and Exchange Commission (SEC) initiated legal proceedings against the company. She shared her excitement about transitioning into the healthcare industry, stating:
“I’m excited to announce that I will be taking on the role of CFO at Maven Clinic. Throughout my career, I’ve witnessed firsthand how technology can enhance people’s lives, and Maven is at the forefront of healthcare, proving this every day.”
While Campbell did not specify the exact reasons for her departure, it aligns with a period of significant achievements for Ripple.
In December 2020, the SEC filed a lawsuit against Ripple and two of its executives, alleging violations of security laws.
However, on July 13, the court delivered a partial victory for both the SEC and Ripple. The court classified Ripple’s native token, XRP, as a security for institutional sales but not for retail sales.
As of the time of this report, the price of XRP stands at $0.49.
SEC Battles Lead to Executive Departures at Binance.US
The most recent motion by the SEC to appeal the ruling was denied. Nevertheless, the trial date for the appeal is still scheduled for April 2024. Coinciding with these developments are the departures of several key executives from the United States division of cryptocurrency exchange Binance, known as Binance.US.
On September 13, BeInCrypto reported the departure of Brian Shroder, the CEO of Binance.US, from the exchange amid its ongoing legal dispute with the SEC. A day later, the head of legal and chief risk officer at Binance.US also left the organization.
In the meantime, blockchain data firm Chainalysis has recently downsized its workforce by 15%, citing the volatile nature of the crypto market as the primary factor behind this decision.