According to Bloomberg News, a spokesperson for Digital Currency Group (DCG) stated that DCG has made a series of internal adjustments to position DCG for the next stage of development, including streamlining departments and promoting the leadership team. DCG promoted Mark Murphy from chief operating officer to president, named Jenn Goodson chief administrative officer, Simon Koster chief strategy officer, Matt Kummell senior vice president of operations, and Amanda Cowie to oversee communications, marketing and events. In addition, the reorganization cut 10% of the workforce, with 66 employees leaving.