CFTC Commissioner will step down to become Blockchain Association CEO
Summary
Summer Mersinger, a commissioner at the Commodity Futures Trading Commission (CFTC), will become the CEO of the Blockchain Association on June 2. She will replace Kristin Smith, who steps down on May 16. Mersinger's departure from the CFTC, where she held a Republican seat since 2022, allows for a new nomination by President Donald Trump. The CFTC, alongside the SEC, plays a crucial role in regulating digital assets. Congress is working on a market structure bill to define regulatory roles for these agencies in the crypto sector. Further updates on this transition are expected.
