Ripple’s Chief Financial Officer Calls It Quits Amid SEC Court Fight

Ripple’s Chief Financial Officer Calls It Quits Amid SEC Court Fight
фото показано с : zycrypto.com

2023-10-11 18:51

Ripple’s chief financial officer, Kristina Campbell, has left the company to take on the role of CFO at Maven Clinic. Campbell’s transition from Ripple comes as the blockchain payments firm is locked in a legal brawl with the U.S. Securities and Exchange Commission (SEC).

Ripple CFO Abruptly Steps Down

Kristina Campbell has made a surprising exit from Ripple, the company associated with the XRP token.

As per Campbell’s LinkedIn profile, her tenure at Ripple ended in October after roughly two and a half years at the fintech firm. While she gave no specific reason for her departure, Campbell voiced her appreciation for the “memorable” time at Ripple.

Before her employment at Ripple commencing in April 2021, Campbell was the CFO at PayNearMe, overseeing equity financings, debt refinancings, and establishing the groundwork for the payment firm’s strategic planning.

Ripple acknowledged the exit of the Havard-educated CFO in a statement and thanked her for her contributions to the firm during a period marked by “strong global momentum, business growth,” and regulatory hurdles.

Ripple maintained that the company remains in a robust financial position and “is laser-focused on its continued success in key markets around the world.” The San Francisco-based firm looks to solidify its standing in the global payment ecosystem despite its protracted courtroom war with the SEC.

Ripple vs. SEC Suit Trial Date

A U.S. federal judge on October 3 rejected the SEC’s bid to appeal its loss against Ripple.

The agency appealed against the court’s July decision declaring that Ripple’s XRP sales via exchanges did not constitute securities. The SEC contended that there was “substantial ground for differences of opinion” on the laws at hand.

The rejection of the SEC’s motion for appeal wasn’t an all-out loss for the regulator, though. The presiding judge scheduled a trial for April 23, 2024, to address other issues that still need resolution. The SEC could still try to lodge an appeal after the trial concludes.

XRP is trading hands at $0.497512 as of press time, a drop of 2.1% over the last 24 hours. The drop comes amid a pullback in the broader crypto markets as investors grapple with the ongoing Israel-Hamas tensions.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.1891 (-0.39%)
Объем 24H $9.532b
Изменеия 24h: 8.99 %, 7d: 52.21 %
Cегодня L: $1.0851 - H: $1.2319
Капитализация $67.695b Rank 6
Цена в час новости $ 0.4977 (138.92%)

ripple sec locked firm blockchain payments legal

ripple sec → Результатов: 126


Ripple files cross-appeal challenging SEC’s XRP institutional sales ruling

Stuart Alderoty, Ripple’s chief legal officer, said “the SEC can’t submit new evidence or ask us to produce more” Ripple’s Form C requests that each issue is subjected to a de novo standard of review Ripple’s cross-appeal follows a week after the SEC filed its cross-appeal against a previous ruling that partially favored Ripple Ripple […] The post Ripple files cross-appeal challenging SEC’s XRP institutional sales ruling appeared first on CoinJournal.

2024-10-26 15:27


Глава Ripple о новой апелляции SEC: «Будем бороться столько, сколько потребуется»

Комиссия по ценным бумагам и биржам США (SEC) подала апелляцию на решение суда по делу против Ripple, что вызвало резкую реакцию руководства компании. Глава Ripple Брэд Гарлингхаус (Brad Garlinghouse) заявил о готовности продолжать борьбу в суде.

2024-10-3 09:10


Why Ripple May Never Deliver Substantial Profit Despite a Win Against SEC: XRP Bulls Eye This 30% Short-Term Move

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been a long and arduous one, with both sides presenting their arguments in court. As the case nears its conclusion, many in the XRP community are speculating about the potential impact a favorable ruling for Ripple could have on the price […] The post Why Ripple May Never Deliver Substantial Profit Despite a Win Against SEC: XRP Bulls Eye This 30% Short-Term Move appeared first on CaptainAltcoin.

2024-5-4 21:45


Фото:

Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement

Ripple CEO Brad Garlinghouse said the U.S. SEC’s actions toward the crypto industry have failed in protecting investors and needs to reassess its regulatory strategy. Speaking to CNBC’s Dan Murphy at the Ripple Swell conference in Dubai, Garlinghouse expressed concern about the SEC’s focus and questioned: “Who are they protecting in this journey?” The CEO […] The post Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement appeared first on CryptoSlate.

2023-11-12 05:00