Ripple’s Chief Financial Officer Steps Down
Ripple's CFO, Kristina Campbell, transitions from Ripple to Maven Clinic, reflecting on her time at Ripple and expressing enthusiasm for the healthcare sector.
Kristina Campbell, after serving Ripple for over two years, has decided to transition to a new role at the virtual healthcare provider, Maven Clinic. Campbell's tenure at Ripple began in April 2021, following her stint as CFO at the payments platform PayNearMe for more than four years. Reflecting on her time at Ripple, Campbell described it as a "memorable" experience. In a recent post dated October 7, she expressed her enthusiasm about entering the healthcare sector.
“While healthcare is a complex, highly-regulated industry like fintech, it’s new to me.”
Ripple's engagement with the SEC began in December 2020, primarily centered around the sales of its XRP token. The root of the dispute lies in the classification of XRP. In July, a federal judge determined that XRP was not a security when sold to retail investors.
The SEC's legal proceedings against Ripple are set to commence in April 2024. This year will also witness other notable legal battles in the cryptocurrency domain, such as the second criminal hearing of ex-FTX CEO Sam Bankman-Fried in March 2024 and the court case involving former Celsius CEO Alex Mashinsky in September 2024.
The reasons behind Campbell's exit remain vague, especially in the context of the regulatory challenges Ripple confronts in the U.S. Recently, in September, Ripple's CEO Brad Garlinghouse cautioned emerging companies to steer clear of the U.S. Meanwhile, David Schwartz, the company's Chief Technology Officer, expressed optimism, suggesting a positive shift in the U.S. regulatory climate.