Jon Matonis Announces His Resignation from the Bitcoin Foundation

By Inside Bitcoins Oct 30, 2014 12:38 PM EST

Matonis Bitcoin Foundation

NEW YORK (InsideBitcoins) — Jon Matonis, who has served as the Bitcoin Foundation’s executive director since July of 2013, has announced he is stepping down from the post, effective tomorrow. He will also resign from the organization’s board of directors at the end of the current term on December 31st.

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

“Leading the Bitcoin Foundation has been a once in a lifetime opportunity,” Matonis said in a release. “Merging the diverse interests of the Bitcoin community has been intellectually and professionally stimulating and now it’s 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.”

Prior to his appointment as executive director, Matonis was CEO of Hushmail, chief FX dealer for VISA and director of financial services at VeriSign.

Patrick Murck is also a member of the original founding team for the Bitcoin Foundation. He will assume his role as executive director effective immediately and an announcement on the general counsel will be forthcoming, the Foundation said.

“Two years is a lifetime in Bitcoin and we’ve come a long way from where we began,” Murck said. “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 of the Foundation and was appointed executive director in July 2013 just as Bitcoin broke into mainstream consciousness, resulting in an increase in investments and official inquiries from policymakers and regulatory agencies.

“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,” said Peter Vessenes, chairman of the board of directors for the Bitcoin Foundation. “He also globalized the Foundation’s efforts, building a bridge on which we can build collaborative worldwide consensus for Bitcoin’s future.”

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