CFTC Commissioner Transitioning to Blockchain Association Leadership

Summer Mersinger, current commissioner at the US Commodity Futures Trading Commission (CFTC), is stepping down to assume the CEO role of the digital asset advocacy group, the Blockchain Association (BA). Kristin Smith, the current BA CEO, will be leaving on May 16th, and Mersinger’s departure coincides with her expected last day at the CFTC on May 30th. This change allows for President Trump to nominate a new commissioner before June 2nd, ensuring adherence to the three-commissioner limit per political party within the CFTC.