🏦 U.S. Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger will step down on May 30 to become CEO of the Blockchain Association, an advocacy group that lobbies for the crypto industry in Washington. The Blockchain Association announced that Mersinger will take over as CEO on June 2.
🧑🦰 Mersinger, a Republican, was nominated by former President Joe Biden to be a CFTC commissioner in 2022. She was among the contenders to chair the commission until President Donald Trump appointed Brian Quintenz to the position. During her time at the agency, Mersinger often spoke out in support of cryptocurrencies.
👍 According to her, digital assets are no longer a newfangled phenomenon that attracts interest from traditional companies, but a fully formed industry. In 2023, Mersinger called on the CFTC to work with the U.S. Securities and Exchange Commission (SEC) to create a regulatory framework for digital assets.