Ripple’s CFO is latest crypto exec to exit

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Kristina Campbell, the Chief Financial Officer (CFO) of Ripple, has announced her departure from the company. She made the announcement on her LinkedIn profile, expressing gratitude to her colleagues at Ripple for the memorable years.

Campbell had joined Ripple in April 2021, a period when the company was embroiled in legal battles with the U.S. Securities and Exchange Commission (SEC). While she did not specify the reasons for her departure, she shared her new career move into the healthcare industry, stating:

“I’m thrilled to share that I will be joining Maven Clinic as CFO. Throughout my career, I’ve seen firsthand how technology can make people’s lives better, and Maven is proving that every day at the forefront of healthcare.”

Campbell’s tenure at Ripple coincided with a significant period of developments for the company. In December 2020, the SEC initiated a lawsuit against Ripple and two of its executives, alleging violations of securities laws.

In July 2021, the court delivered a partial verdict in the case, with XRP, Ripple’s native token, being classified as a security for institutional sales but not for retail sales. This outcome had implications for the cryptocurrency industry and how XRP could be legally traded.

As of the time of the report, the price of XRP stands at $0.49.