Barry Silbert and Mark Murphy Resign from Grayscale’s Board of Directors
- Barry Silbert and Mark Murphy are stepping down from their positions on the board of directors of Grayscale Investments.
- This decision will take effect on January 1, 2024.
- Changes in Grayscale’s governance structure are expected following this departure.
Barry Silbert and Mark Murphy’s Resignation
Barry Silbert, an iconic figure in the world of cryptocurrency and the founder of Digital Currency Group (DCG), has announced his resignation from the board of directors of Grayscale Investments.
Alongside Barry Silbert’s resignation, Mark Murphy, the CEO of Digital Currency Group, has also announced his departure from Grayscale’s board of directors.
This decision, effective from January 1, 2024, marks a significant turning point for the company, known for being the operator of the Grayscale Bitcoin Trust, the company’s Bitcoin Spot ETF, which is still awaiting approval from the U.S. SEC.
The New Members of Grayscale’s Board of Directors
With Silbert and Murphy’s departure, Grayscale Investments welcomes new faces to its board of directors. Mark Shifke, Matthew Kummell, and Edward McGee have been appointed to join the board, bringing a fresh dynamic and perspective to the company.
“As of January 1, 2024, the board of directors consists of Mr. Shifke, Mr. Kummell, Michael Sonnenshein, and Mr. McGee, who also retain the authority granted to them as executives under the limited liability company agreement of the sponsor,” Grayscale stated in its press release.
Grayscale
Mark Shifke, on the other hand, is designated to succeed Barry Silbert as the board’s president, a transition that holds promise for Grayscale’s future. These changes within the board reflect the constant evolution of the company in an ever-changing cryptocurrency market.
