Today the Bitcoin Foundation elected two new board members:

Bobby Lee is the CEO and co-founder of BTC China, the first Bitcoin exchange in China and one of the leading Bitcoin exchanges worldwide. Bobby started his career in Silicon Valley as a software engineer at Yahoo! pioneering some of the earliest online communities on the Internet. He has spent the last seven years in Shanghai, China where he was Director of Software Engineering at EMC in China and CTO of SMG BesTV, the leading IPTV company in China. Most recently, he was Vice President of Technology for Walmart’s China E-Commerce business. Bobby graduated from Stanford University with B.S. and M.S. degrees in Computer Science. He has his E-MBA from CEIBS.

is the CEO and co-founder of BTC China, the first Bitcoin exchange in China and one of the leading Bitcoin exchanges worldwide. Bobby started his career in Silicon Valley as a software engineer at Yahoo! pioneering some of the earliest online communities on the Internet. He has spent the last seven years in Shanghai, China where he was Director of Software Engineering at EMC in China and CTO of SMG BesTV, the leading IPTV company in China. Most recently, he was Vice President of Technology for Walmart’s China E-Commerce business. Bobby graduated from Stanford University with B.S. and M.S. degrees in Computer Science. He has his E-MBA from CEIBS. Brock Pierce is Co-Founder of GoCoin, ExpressCoin, KnCMiner.cn, and Robocoin Asia. A prolific angel investor, he is city leader of BitAngels Los Angeles and runs the first Bitcoin syndicate to achieve top 10 status on AngelList. Pierce has raised more than $200 million on behalf of his companies and led more than 30 acquisitions in his career. Pierce’s entrepreneurial activities focus around digital currencies like Bitcoin, games, ad tech and payments.

Voting for our two open industry board seats closed last night at 11:59pm EDT, and the results were decrypted and published at 9:00am EDT this morning. In this second round of voting, the top two candidates had to receive at least 50% approval in order to qualify as a winner. 71 voters participated, 31 abstained, and as a result, Bobby received 79% approval, Brock 65% and Vinny 63%.

Bobby and Brock will join the five existing board members for a new total of seven board seats starting June 1, 2014.

Thank you to all industry members for participating in the voting process. Congratulations Bobby and Brock!