ERG lead, Cassie Craddock, has parted ways with Ripple while the on-going lawsuit with SEC
According to Ripple ERG lead Cassie Craddock, she will move to a new challenge at Fireblocks in London after four years at Ripple.
— Cassie Craddock (@CraddockCJ) October 13, 2021
Cassie Craddock has a new job at Fireblock after more than four years at Ripple
Craddock has left the San Francisco-based company to join digital custody provider Fireblock as Sales Director. Fireblocks raised $310 million back in July in a Series D funding round that valued the company at $2 billion. DRW, Sequoia Capital, Spark Capital, Stripes, and Coatue participated in the funding round.
Accordingly, as AZCoin News reported, former Chairman of the U.S. Securities and Exchange Commission (SEC) has joined digital asset custody provider Fireblocks as an advisor.
At the end of 2020, Clayton, as the boss of the SEC, sued Ripple. And after suing Ripple for violating securities laws in late December, Clayton instantly became the nemesis of the boisterous XRP community. Many of its most vociferous members are determined to wage a personal vendetta against the former SEC boss, who they believe caused “multi-billion-dollar losses” with one foot out the door.
Many also questioned the former SEC Chairman’s handling of the matter. The focus is on Clayton’s declaration that Bitcoin wasn’t a security. After his tenure ended at the SEC, Clayton joined One River Asset Management and a crypto hedge fund focused on Bitcoin and Etherum. Not long ago, Clayton was also reported to be on the board of Apollo Global Management and an adviser to One River Digital Asset Management.
According to her LinkedIn profile, Craddock became part of Team Ripple in August 2017 as the company’s new business development manager. She was initially responsible for developing use cases and new products. She was later promoted to Ripple’s head of business in Europe, and she later ended up working at the company as head of ERG.
And now she’s gone, right in the middle of a lawsuit with the SEC that is ongoing and has no end.
- The Lawsuit Between Ripple And The SEC Continues As The Blockchain Giant Has A New Request
- Ripple Insists SEC Has To Answer Its Requests For Admission