Ripple’s CFO Steps Down as Legal Clash with SEC Escalates

Ripple CFO bows out as legal tension between the crypto payments platform and the U.S. securities regulator escalates.

Kristina Campbell looking surprised in front of a collapsing building.
Created by Gabor Kovacs from DailyCoin
  • An executive at Ripple has abruptly stepped down.
  • Ripple reiterated its commitment to success despite the leadership change.
  • Ripple vs. SEC legal battle continues from December.

Ripple’s Chief Financial Officer (CFO), Kristina Campbell, has abruptly stepped down from the crypto payments platform and assumed a similar role at digital healthcare provider Maven Medical Institution, according to her LinkedIn profile.

The news of Campbell’s departure comes when Ripple is entangled in a vicious circle of legal squabbles with the U.S. Securities and Exchange Commission (SEC), with the courtroom battle expected to resume on April 16, 2024.

Ripple Confirms Campbell’s Exit

Although Campbell updated her followers on LinkedIn about the new job role at Maven on October 7, Ripple confirmed the news of her exit two days later and stated that the company had launched the search for a new CFO.

Sponsored

“We’re grateful for Kristina’s leadership over the past 2+ years and her contributions to the company as we’ve experienced strong global momentum, business growth, and navigated regulatory headwinds. We wish her all the best in her next chapter,” the company’s statement read.

Ripple reiterated that its commitment to financial stability and providing secure and efficient global payment solutions remains unwavering despite the leadership change.

Campbell joined Ripple in April 2021 and has served the company for two years and seven months. Prior to her role at Ripple, she served as a CFO at payments platform PayNearMe for over four years.

Although Campbell didn’t mention any specific reasons for stepping down, keen observers speculate it might have something to do with the unending legal battle between her immediate former employer and the U.S. securities regulator.

Despite the court upholding Ripple’s partial victory against the SEC in the XRP case on October 3, Ripple isn’t off the hook yet.

Sponsored

In the October 3 court order, U.S. District Judge Analisa Torres directed both parties to submit motions in limine by December 4 and file opposition motions towards the same by December 18.

Did the SEC sabotage its case against Ripple? Find out in this article:
How the SEC May Have Inadvertently Sabotaged Its Ripple Case

Stay updated on how Ripple’s CEO honored the community after its legal victory:
Ripple’s CEO Honors Community for Their Role in Legal Victory

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.