Bitcoin Foundation Announces Next Chapter of Leadership

After over two years of building the Bitcoin Foundation as part of the founding leadership and then as executive director, Jon Matonis decided to step down and submitted his resignation as executive director of the Bitcoin Foundation, effective October 31, 2014 and as a board member effective December 31, 2014.

His board seat will now be included in the January 2015 election along with board seats currently occupied by Peter Vessenes and Gavin Andresen.

Matonis said:

“Leading the Bitcoin Foundation has been a once in a lifetime opportunity. Merging the diverse interests of the Bitcoin community has been intellectually and professionally stimulating and now its time to pass the baton to longtime colleague Patrick Murck. I look forward to advancing Bitcoin and contributing to the community through the private sector.”

Patrick Murck Appointed Executive Director

Patrick Murck, General Counsel, has been appointed Executive Director. He said:

“Two years is a lifetime in Bitcoin and we’ve come a long way from where we began. And yet, there is still so much ahead of us. I thank Jon for his service and am honored to receive this appointment. I commit to continue paving the way for our community of investors, entrepreneurs, and technologists to maximize Bitcoin’s potential for all people.”

Established in July 2012, Matonis is a founding board member and was appointed executive director in July 2013 as Bitcoin broke into mainstream consciousness, resulting in an increase in investments and official inquiries from policymakers and regulatory agencies.

Peter Vessenes, Chairman of the Board of Directors for the Bitcoin Foundation, said:

“Jon stepped up to the plate and proactively extended Bitcoin awareness beyond the Bitcoin community, engaging industry professionals in banking, finance, economics and regulatory affairs at a time when the world looked to the Foundation for an organized voice. He also globalized the Foundation’s efforts, building a bridge on which we can build collaborative worldwide consensus for Bitcoin’s future.”

Patrick Murck is also a member of the original founding team for the Bitcoin Foundation and is most well known as Bitcoin’s first policy advocate, instrumental in explaining Bitcoin to key U.S. regulators and setting a tone for public policy in the U.S. summarized as “getting the benefits of Bitcoin while mitigating the risks.” He will assume his role as executive director effective immediately, and an announcement on the general counsel will be forthcoming.

What do you think about the changes at the Bitcoin Foundation? Comment below!

Images from Bitcoin Foundation and Shutterstock.

Last modified: June 10, 2020 12:58 PM UTC

October 30, 2014 6:58 PM UTC
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Giulio Prisco @giulioprisco

Writer specialized in futurism, science, technology business.