CFTC Commissioner will step down to become Blockchain Association CEO
Summer Mersinger, a commissioner at the Commodity Futures Trading Commission (CFTC), will leave her position to become the CEO of the Blockchain Association. Mersinger, who has held a Republican seat since 2022, is departing three years before her term's end in April 2028. The current CEO, Kristin Smith, is stepping down, with Mersinger set to officially take over on June 2. Her departure opens a nomination slot for President Donald Trump to appoint another commissioner, as CFTC rules limit party representation to three members. This transition occurs as Congress seeks clarity on the regulatory roles of agencies like the CFTC for digital assets. Mersinger's move highlights the evolving landscape in crypto regulation and advocacy.
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