"The firm's Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen and Chief Legal Officer Tyler Meade are all leaving the company effective immediately, New York-based Gemini said in a filing on Tuesday. Beard, who has also stepped down from Gemini's board of directors, has not resigned as a result of any disagreement with the firm, it added. Gemini does not intend to appoint a successor to Beard at this time, it said. Instead, President Cameron Winklevoss will assume several of his duties."
"The move marked a major pullback for one of the crypto industry's longest-running exchanges and its billionaire co-founders, two of the sector's most high-profile figures. The brothers have donated millions of dollars to causes supporting Donald Trump and the Republican Party, including a $21 million offering in Bitcoin to their own political fundraising group for champions of President Trump's crypto agenda, last year."
Three top executives at Gemini — Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen and Chief Legal Officer Tyler Meade — left the company effective immediately. Beard also stepped down from the board and was not leaving due to disagreement; the firm does not plan to appoint a successor and President Cameron Winklevoss will assume several of his duties. Danijela Stojanovic was named interim CFO and Kate Freedman interim general counsel. Earlier this month Gemini announced plans to cut up to 25% of its workforce and wind down operations in the UK, EU and Australia. The exchange's shares fell sharply after its recent IPO, and the founders have been prominent political donors.
Read at www.mercurynews.com
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