Overview

• Summer Mersinger, a Republican CFTC commissioner since 2022, will become CEO of the Blockchain Association starting June 2, 2025.
• Her departure leaves the CFTC temporarily with only three commissioners: two Democrats and one Republican, Acting Chair Caroline Pham.
• The Blockchain Association, representing major crypto firms like Coinbase and Ripple, is pushing for legislative clarity on stablecoins and market structure.
• Mersinger’s move highlights the revolving door between regulators and the crypto industry, raising concerns about conflicts of interest.
• Congressional efforts to expand the CFTC’s jurisdiction over crypto markets face delays, with key legislation stalled and leadership transitions complicating progress.