Ripple’s CFO is stepping down amid SEC lawsuit Cryptocurrency scrgruppen

Ripple’s CFO, Christina Campbell, left the cryptocurrency payments platform for a similar position at virtual healthcare provider Maven Clinic.

According to Campbell’s LinkedIn, her job is at Ripple I finish in October after more than two years with no explanation other than an “unforgettable” time at the cryptocurrency company. She joined Ripple in April 2021 after more than 4 years as CFO at payments platform PayNearMe.

“Although healthcare is a complex and highly regulated industry like fintech, it is new to me.” He said Campbell in a post dated October 7.

Campbell’s announcement came as Ripple was embroiled in a legal battle that began in December 2020 with the U.S. Securities and Exchange Commission (SEC) largely over sales of its XRP token. In July, a federal judge ruled that XRP was not a security when sold to retail investors — a ruling that was upheld in October after an appeal from the Securities and Exchange Commission.

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Ripple’s trial with the SEC is scheduled to begin in April 2024. It will come in the same year as other high-profile cases affecting the cryptocurrency space, including the second criminal trial of former FTX CEO Sam Bankman-Fried in March 2024 and the Celsius ex. CEO Alex Mashinsky in September 2024.

It is unclear whether Campbell’s departure is related to any regulatory scrutiny Ripple faces in the US. CEO Brad Garlinghouse advised startups to avoid the US last September, while CTO David Schwartz said the “tide is turning” regarding regulatory uncertainty in the country.

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