Grayscale, one of the companies that applied for Bitcoin Spot ETF in the summer and won a major victory against the SEC, officially announced that two important names have resigned. CEO Barry Silbert announced that he will resign as of January 1.
As the time for final decisions on Bitcoin Spot ETF applications approaches, there are unexpected resignations in the companies that applied. Barry Sibert, who was not only the president of Grayscale but also the founder and CEO of its parent company, Digital Currency Group, resigned.
Mark Murphy, who co-chaired the DCG board with Mr. Silverbart, also resigned as a member of Grayscale’s board of directors. An official notification was also sent to the SEC.
After these two names left the Grayscale board of directors, Mark Shifke, Matthew Kummell and Edward McGee joined the board. The new appointment will be effective as of January 1, 2024
Is It About Spot ETFs?
It is worth noting that the reason for the resignation was not disclosed, but the US media said that the situation may be related to the Bitcoin Spot ETF application. The first decision on this issue will be made against ARK Invest on January 10. While experts say that the probability of approval from the SEC is high, they also state that the possibility of rejection is small, citing the need for all applications to be approved at the same time at a later date.
In October, New York State Attorney General Letitia James filed a fraud lawsuit against Digital Currency Group (DCG). DCG, like Grayscale, is a company with tense relations with US government agencies.
