Fri, November 8

Ripple Labs Chief Financial Officer Kristina Campbell Resigns

Ripple Moves Over $59 Million in XRP to Exchanges Blockchain News
  • Campbell’s tenure lasted for around 2 years and 7 months at Ripple.
  • She also handled the purchase of Metaco, a supplier of services for crypto assets.

Kristina Campbell, the CFO of Ripple Labs Inc., has left the company. Campbell updated her LinkedIn page to reflect that she had left the firm this month, but the corporation did not make the news public. Campbell’s tenure as CFO at Ripple Labs, which ended with her departure, lasted for around 2 years and 7 months.

The U.S. SEC complaint targets the company’s financial management, and Campbell seems to be a significant figure of interest. Campbell has played more of a supporting role as Ripple’s CFO, but she has nonetheless made some important financial choices.

Ongoing SEC Lawsuit

The legal fees suffered by Ripple as a result of the SEC crackdown were estimated at $200 million earlier this year by CEO Brad Garlinghouse. Even though the business has been partially vindicated by Judge Analisa Torres’ finding that programmatic sales of XRP on secondary markets do not constitute a security, the costs have had a significant effect.

Campbell also handled the purchase of Metaco, a supplier of services for crypto assets in the institutional sector situated in Switzerland. Ripple’s $250 million Metaco acquisition was the company’s first significant merger and acquisition in a long time.

Campbell has left Ripple and is now listed as the Chief Financial Officer of Maven Clinic on LinkedIn. Maven Clinic is a virtual clinic for women and families with a purpose to make healthcare accessible to everyone.

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