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4d ago

CFTC Commissioner Summer Mersinger to Lead Blockchain Association

Mersinger's departure leaves the CFTC with a reduced leadership team as pivotal crypto legislation is debated in Congress.

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CFTC Commissioner Summer K. Mersinger (CFTC/Shutterstock)
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hiring SEC Blockchain Association CFTC crypto lobbying Summer Mersinger

Overview

  • Summer Mersinger, a Republican CFTC commissioner, will become the CEO of the Blockchain Association starting June 2, 2025.
  • Her resignation from the CFTC, effective May 30, leaves the agency with only three commissioners, disrupting its party balance.
  • Kristin Smith, the outgoing CEO of the Blockchain Association, will join the Solana Policy Institute on May 16, with Sarah Milby serving as interim CEO until Mersinger's arrival.
  • Mersinger's move comes as Congress considers legislation that could expand the CFTC's authority over digital assets, shifting oversight from the SEC.
  • Critics have raised concerns about potential conflicts of interest in Mersinger's rapid transition from regulator to crypto lobbyist.