Barry Silbert resigned as chairman of the board of Grayscale Investments, the company announced Tuesday in a filing with the Securities and Exchange Commission (SEC).

Silbert, the CEO of Grayscale’s parent company Digital Currency Group (DCG), had not publicly commented on the resignation as of this writing. Another Grayscale board member, Mark Murphy, has also joined Silbert in stepping down from the board. Both men’s resignations are set to go into effect January 1.

Mark Shifke, DCG’s current CFO, will replace Silbert as Grayscale’s chairman, according to the company. Matt Kummell, DCG’s Vice President of Operations, and Edward McGee, Grayscale’s CFO, have also been added to the board.

“Aligned with Grayscale’s commitment to responsible growth, we are pleased to welcome Mark Shifke, Matt Kummell, and Edward McGee to Grayscale’s Board of Directors,” a Grayscale spokesperson told Decrypt. “Grayscale and our investors will benefit from their respective experiences in the financial services and asset management industries as we prepare for Grayscale’s next chapter.”

The spokesperson declined to comment further on the reasoning behind the change in leadership, which comes at a crucial time for Grayscale.

In the next two weeks, analysts predict<

Go to Source to See Full Article
Author: Sander Lutz

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details