Odaily Planet Daily reports that Grayscale CFO Edward McGee has left the company after seven years. Grayscale has appointed Kathryn Masci and Daniel Plourde as interim co-chief financial officers. McGee is the second executive to leave Grayscale in recent weeks, following the departure of Managing Director and Head of Distribution and Partnerships John Hoffman to join Ondo Finance. Grayscale, the manager of the GBTC Bitcoin ETF, has postponed its US IPO plans due to market conditions. (CoinDesk)

Odaily Planet Daily reports that Coinbase Chief Legal Officer Paul Grewal will be leaving the company after a years-long legal battle with U.S. regulators to join a startup. Coinbase announced that Molly Abraham will lead the company's legal team as General Counsel, and Ryan Van Grack will become Vice Chairman, expected to assume broader and more public-facing responsibilities. Grewal stated that he will continue to serve as an advisor to Coinbase and will be involved in the Coinbase Trust bylaws through the U.S. Office of the Comptroller of the Currency. Abraham has been with Coinbase since March 2021, serving as Vice President of Legal Affairs and managing multiple legal teams. (CoinDesk)

Odaily Planet Daily reports that the Federal Reserve has announced the leadership and objectives of its working groups. Fed Chairman Warsh stated that the working group's goal is to position the Fed in the best position to achieve its objectives. Each working group will operate independently, supported by Fed staff; the working groups will focus on improving methodologies and tools; and the commitment to price stability and maximum employment remains "unwavering." The five working groups are: Inflation Working Group, Balance Sheet Working Group, Employment Working Group, Data Working Group, and Communications Working Group. The working group leaders include several former global central bank governors, including King, Rajan, Fraga, and former Fed Governor Stein.

According to CoinWorld, Marc Andreessen has become an advisor to the Federal Reserve. As co-founder of a16z, he will co-lead a panel on the economic impact of artificial intelligence. This is one of five panels announced today by Federal Reserve Chairman Warsh aimed at reforming how central banks operate. The panel will examine the Fed's $6.7 trillion balance sheet, how it measures inflation, how it communicates with markets, and how it uses economic data. Other members include former Bank of England Governor Mervyn King, former Reserve Bank of India Governor Raghuram Rajan, Xbox CEO Asha Sharma, former Walmart CEO Doug McMillon, and Nobel laureate Thomas Sargent.

According to sources familiar with the matter, Odaily Planet Daily reports that lawmakers may release a new version of the Clarity Act on cryptocurrency as early as next week. The new bill would integrate the work of the Senate Banking Committee and the Agriculture Committee, but issues remain to be resolved, including ethical concerns, one of the key demands of Senate Democrats. Democrats still need to accept the new draft, which requires 60 votes to move forward in the Senate. (CoinDesk)