In a sign of changing fortunes in the crypto industry, Grayscale Investments announced significant leadership changes this week. Barry Silbert, founder and CEO of Digital Currency Group (DCG), the parent company of Grayscale, resigned from Grayscale’s board effective January 1st along with Mark Murphy, President of DCG.
Keypoints
- Barry Silbert has resigned from the board of Grayscale Investments, the world’s largest digital currency asset manager, effective January 1, 2024.
- Silbert’s resignation comes as Grayscale seeks SEC approval to convert its Grayscale Bitcoin Trust into a spot bitcoin ETF amid growing optimism that the SEC may finally approve such products.
- The resignations also occur against the backdrop of legal troubles for Digital Currency Group, Grayscale’s parent company, related to its lending unit Genesis Global Capital.
- Mark Murphy, President of DCG, has also resigned from Grayscale’s board,…
