DCG founder Barry Silbert steps down from Grayscale board
The changes to Grayscale’s board were disclosed weeks before experts expect a spot Bitcoin ETF decision from the SEC. According to a filing with the U.S. Securities and Exchange Commission (SEC), Barry Silbert has resigned as Grayscale chairman. Silbert is joined by Mark Murphy, another company executive who stepped down from the board effective Jan. 1. Three new members replace Silbert and Murphy. Mark Shifke will succeed Silbert as the board ’s new chairman following his role as chief financial officer at Digital Currency Group (DCG), Grayscale’s parent company. Matthew Kummel, DCG’s senior vice president of operations, also joins the board with Grayscale CFO Edward McGee. McGee will reportedly combine board duties with responsibilities at the digital asset management firm. Shifke, Kummell, McGee, and CEO Michael Sonnenshein now make up the board at Grayscale. The reasons for these resignations and appointments were not specified in the Dec. 26 SEC filing, althou...