Management company Grayscale announced the resignation of several board members and announced the appointment of replacements. This is evidenced by documentation For SEC.
Founder and CEO of Digital Currency Group (DCG), Grayscale's parent company, Barry Silbert will step down from the board effective January 1, 2024. DCG President Mark Murphy will also leave with him.
New members will join the company's board of directors: Mark Schiefke, Matthew Kammel and Edward McGee. All three are somehow connected in the Digital Currency Group.
“The board of directors will include Schiefke, Kammel and McGee, who also retain the powers granted to them as officers under the limited liability company agreement,” the statement said.
Grayscale is currently seeking SEC approval to convert GBTC into a spot Bitcoin ETF. At the end of August, the US court granted the firm's petition in a lawsuit against the regulator for refusing to convert the trust.
In September, the company asked the regulator to “expeditiously” approve the tool. In October, the court ordered the department to review the relevant application. In November, the parties discussed the details of a spot Bitcoin ETF. Later, other meetings with the department took place.
In December, Zuko Wilcox, co-founder of Electric Coin Co., which develops the Zcash cryptocurrency, stepped down as CEO. Josh Swihart took his place.
Source: Cryptocurrency
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