Duel with SEC escalates Ripple CFO departure

Compiled by: Blockchain Knight

Ripple’s Chief Financial Officer (CFO) Christina Campbell unexpectedly left the Crypto asset payment platform and took a related position at digital medical service provider Maven Medical Institution.

According to Campbell’s LinkedIn profile, she ended her tenure at Ripple in October after more than two years at the company.

Although she did not give a specific reason for her departure, Campbell expressed her gratitude for the “unforgettable” time she spent at the Crypto company. Campbell joined Ripple in April 2021 after serving as chief financial officer at payments platform PayNearMe for more than four years.

In an Oct. 7 post, Campbell cited the complexity and tight regulation of the healthcare industry, highlighting the similarities between the industry and the fintech industry she is familiar with.

“I’m excited to announce that I will be joining Maven Clinic as Chief Financial Officer,” said Campbell. "Throughout my career, I have seen firsthand how technology can improve people’s lives, and Maven is proving that in cutting-edge healthcare. Thank you very much. To everyone at Ripple, you have made the past few years so memorable.”

Campbell’s statement comes amid Ripple’s legal battle with the SEC. The dispute stems from December 2020, when the SEC filed a lawsuit against Ripple over the sale of its XRP token.

In July, a federal judge ruled that XRP sold to retail investors did not qualify as a security. After an appeal by the SEC, the decision was upheld in October, and Ripple’s trial with the SEC is scheduled to begin in April 2024.

In a recent statement, Ripple officially acknowledged the departure of Chief Financial Officer Campbell after more than two years in the job. The company expressed gratitude for her leadership during a period of “strong” global momentum, business growth and addressing regulatory challenges.

Ripple expressed its best wishes for Campbell’s future work and affirmed her contribution to the company.

In bidding farewell to the CFO, Ripple emphasized that despite the change in leadership, the company’s financial position remains “strong” and remains steadfastly focused on achieving continued success in key markets around the world.

The company aims to build on its achievements, strengthen its market position and reinforce its commitment to providing secure and efficient global payment solutions.