BREAKING: Barry Silbert resigns, Mark Shifke assumes chairmanship at Grayscale
The post BREAKING: Barry Silbert resigns, Mark Shifke assumes chairmanship at Grayscale appeared on BitcoinEthereumNews.com.
Grayscale Investments, the cryptocurrency investment firm renowned for its Grayscale Bitcoin Trust (GBTC), has experienced a significant shift in its leadership. Barry Silbert, the founder and CEO of Digital Currency Group (DCG), and Mark Murphy, President of DCG, have both tendered their resignations from Grayscale’s board of directors, effective January 1, 2024. Mark Shifke takes the helm as chairman at Grayscale The company’s official 8-K filing with the United States Securities and Exchange Commission on December 26 confirmed the resignations and highlighted the new appointments. Mark Shifke, currently serving as the chief financial officer of DCG, has stepped into the role of chairman of the board. Shifke, aged 64, brings a wealth of experience, having dedicated nearly four decades to the financial and fintech sectors. His background includes notable stints at JPMorgan Chase and Goldman Sachs, specializing in M&A Structuring and Advisory, as well as Tax Asset Investments. Joining Shifke on the board are Matthew Kummell and Edward McGee. Matthew Kummell, aged 47, holds the position of Senior Vice President of Operations at DCG. Edward McGee, aged 40, assumes the role of a board member while retaining his position as Chief Financial Officer of Grayscale Investments. McGee’s prior experience includes roles at Goldman Sachs and Ernst & Young, focusing on accounting policy and financial reporting. Grayscale’s move to appoint Mark Shifke as the new Chairman comes at a crucial time as the company awaits regulatory decisions on its application to transform the Grayscale Bitcoin Trust into a U.S. spot exchange-traded fund (ETF). The Securities and Exchange Commission (SEC) is currently considering Grayscale’s proposal, a significant development in the context of the crypto industry’s evolving landscape. Speculation surrounding resignations The abrupt resignations of Barry Silbert and Mark Murphy have sparked speculation within the cryptocurrency community. Some online commentators have linked these…
Filed under: News - @ December 26, 2023 5:20 pm