According to PANews, Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), plans to resign after the new chair takes office, and Republican Commissioner Summer Mersinger will take over as CEO of the Blockchain Association in June. If both leave simultaneously, the CFTC will be left with only Democratic Commissioner Kristin Johnson and the potentially incoming new chair Brian Quintenz, resulting in a 1:1 party ratio. Quintenz previously served as the head of policy at a16z, and if appointed, may influence the policy direction of the CFTC. Congress is currently reviewing a bill to expand the CFTC's regulatory authority over cryptocurrencies, and a lack of commissioners may impact the legislative process. The normal composition of the CFTC should include five commissioners, with three from the majority party and two from the minority party. After leaving, Mersinger will serve as CEO of the Blockchain Association, which primarily promotes cryptocurrency-related policies. During her tenure, Pham advocated for adjusting the CFTC's regulatory approach to reduce enforcement actions in the cryptocurrency sector. Recently, the Trump administration has continued to adjust personnel within federal regulatory agencies, replacing several officials appointed by Democrats.