Ripple, the firm behind cryptocurrency XRP, eliminates Cory Johnson's role at the firm

Cory Johnson, the Bloomberg Television anchor turned crypto marketer, is no longer with Ripple, a company spokesperson confirmed. 

Johnson, who joined Ripple in 2018 as its chief market strategist, has been scrubbed from the company's leadership page. "Cory’s last year at Ripple was a success in representing the company to investors, press and regulators," a spokesperson said. "Cory helped Ripple with strategy internally and overall industry education. But due to changes in market conditions, we’ve chosen to eliminate the role of Chief Market Strategist.” 

His much-ballyhooed hire included a profile in CNBC, which outlined his role as an evangelist for the firm known for its business lines in remittances and international payments. Johnson, whose career at Bloomberg spanned 8 years, was — unsurprisingly — a vocal defender of Ripple's view of its relationship to cryptocurrency XRP. Ripple defends that XRP is mostly independent of the firm. The connection between the two has been nothing if not controversial — with some in the crypto world arguing that the coin is a security and that Ripple is an issuer. Ripple Labs, a precursor to Ripple, invented XRP, some say. Ripple claims they didn't but were involved in its earliest days. 


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Part of Johnson's job was to make the relationship between Ripple and XRP less confusing. "The role of Ripple as a company and XRP as a currency in financial markets, to regulators, financial institutions and investors could use more explaining," Johnson told CNBC at the time of his hire. "I'm going to try and explain, listen and set strategies to make it easy for Wall Street and the world of finance to understand what we're doing.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Frank Chaparro is the Editor At Large at The Block. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. He runs his own podcast The Scoop and writes a biweekly eponymous newsletter. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected].