{"id":88732,"date":"2023-12-26T18:08:39","date_gmt":"2023-12-26T16:08:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88732"},"modified":"2025-09-13T19:51:16","modified_gmt":"2025-09-13T16:51:16","slug":"barry-silbert-to-leave-grayscale-board","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/barry-silbert-to-leave-grayscale-board\/","title":{"rendered":"Barry Silbert to leave Grayscale board"},"content":{"rendered":"<p>Grayscale&#8217;s management company said that several board members would step down and announced replacements. The <a href=\"https:\/\/www.streetinsider.com\/SEC+Filings\/Form+8-K+Grayscale+Bitcoin+Trust+For%3A+Dec+26\/22563825.html\">documents<\/a> filed with the <span data-descr=\"Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> show this.<\/p>\n<p>Barry Silbert, founder and chief executive of Digital Currency Group (DCG), Grayscale&#8217;s parent company, will depart the board on 1 January 2024. DCG president Mark Murphy will also depart.<\/p>\n<p>New members joining the board are Marc Shifke, Matthew Kammel, and Edward McGee. All three are connected to Digital Currency Group in one way or another.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Marc Shifke, Matthew Kammel, and Edward McGee will join the board, and they will also retain the powers granted to them as officers under the LLC agreement,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>Grayscale is currently seeking SEC approval to convert GBTC into a spot Bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>. In late August a U.S. court <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-surpasses-27500-after-court-ruling-in-grayscales-favour\">granted<\/a> the firm&#8217;s <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-sues-sec-over-refusal-to-convert-gbtc-into-an-etf\">motion<\/a> against the regulator for refusing <a href=\"https:\/\/forklog.com\/en\/news\/dcg-chief-confirms-plans-to-convert-grayscales-bitcoin-trust-into-an-etf\">to convert<\/a> the trust.<\/p>\n<p>In September the firm <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-urges-the-sec-to-promptly-approve-a-spot-bitcoin-etf\">asked<\/a> the regulator to promptly approve the instrument. In October the court <a href=\"https:\/\/forklog.com\/en\/news\/court-orders-sec-to-reconsider-grayscales-spot-bitcoin-etf-application\">ordered the agency<\/a> to reconsider the relevant application. In November the parties <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-discussed-details-of-a-spot-bitcoin-etf-with-the-sec\">discussed the details<\/a> of the spot Bitcoin-ETF. Later <a href=\"https:\/\/forklog.com\/en\/news\/sec-weighs-spot-bitcoin-etf-launches-with-several-issuers\">took place<\/a> other meetings with the agency.<\/p>\n<p>In December, SEC chairman Gary Gensler <a href=\"https:\/\/forklog.com\/en\/news\/sec-chair-hints-how-grayscale-victory-could-influence-etf-decisions\">hinted<\/a> at how Grayscale&#8217;s victory would influence the agency&#8217;s decisions on spot ETFs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale&#8217;s management company said that several board members would step down and announced replacements.<\/p>\n","protected":false},"author":1,"featured_media":88733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[943,1702],"class_list":["post-88732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-grayscale-investments","tag-leadership"],"aioseo_notices":[],"amp_enabled":true,"views":"101","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88732"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88732\/revisions"}],"predecessor-version":[{"id":88734,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88732\/revisions\/88734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88733"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}