• About
  • FAQ
  • Contact Us
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
Crypto News
No Result
View All Result
Home Analysis

CFTC Commissioner Mersinger Tapped to Lead Top Crypto Lobbying Organization

admin by admin
May 14, 2025
in Analysis
0
CFTC Commissioner Mersinger Tapped to Lead Top Crypto Lobbying Organization
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

In brief

  • Summer Mersinger, outgoing CFTC commissioner, has been appointed as the new CEO of the Blockchain Association, starting June 2.
  • During her CFTC tenure, Mersinger supported the crypto industry and criticized overly severe regulation; she’s leaving most of her second term that would have lasted until 2028.
  • The appointment comes at a critical time for crypto policy, with pending legislation that would shift regulatory authority from SEC to CFTC, though some have raised concerns about conflict of interest in her rapid transition.

The Blockchain Association, one of the crypto lobby’s most prominent players, announced its new CEO Wednesday: outgoing CFTC commissioner Summer Mersinger. 

In order to take the vacant position, Mersinger will forgo most of her second term at the commodities regulator, which would have lasted until mid-2028. The attorney, a Republican, was first nominated to a GOP vacancy on the Commission by former president Joe Biden in 2021.

Related articles

ASIC Sues Former Blockchain Global Exec Over M in Unpaid Customer Claims

ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims

May 28, 2025
Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

May 28, 2025

In her tenure, Mersinger has vocally backed the crypto industry and criticized fellow commissioners for “banishing innovation” by regulating the sector too severely. She will now play a key role in pushing the industry’s regulatory agenda forward in Washington.

1/ We’re pleased to announce that CFTC Commissioner Summer Mersinger has been chosen as the new Blockchain Association CEO. Summer will leave her current position as Commissioner on May 30 and will start at the Association on June 2. pic.twitter.com/gVD0B4PpdH

— Blockchain Association (@BlockchainAssn) May 14, 2025

The Blockchain Association’s membership features some of crypto’s most powerful and well-heeled firms, including Coinbase, Ripple, Andreessen Horowitz, and Paradigm.

“We are absolutely thrilled to welcome Commissioner Mersinger as Blockchain Association’s new CEO,” Marta Belcher, the organization’s president of the board, said in a statement Wednesday. “This is a pivotal moment for crypto policy, and we are confident that she is the ideal leader to take Blockchain Association, and the industry, to new heights.”

The Blockchain Association did not immediately respond to Decrypt’s request for comment regarding Mersinger’s compensation as chief executive.

The organization said, however, that the soon-to-be-former commissioner is unable to respond to media requests until she formally resigns from the CFTC on May 30. Her stint at the Blockchain Association will begin the very next business day, June 2.

The Blockchain Association’s previous CEO, Kristin Smith, recently parted ways with the organization to join the newly created Solana Policy Institute.

Mersinger’s appointment comes at a critical time for both the American crypto industry and the CFTC. Bills pending in Congress would strip the SEC of almost all of its jurisdiction over the sector, and hand it to the CFTC, a far more hands-off regulator. That legislation is now in peril, however, due to growing fractures in bipartisan support of the industry.

Several crypto policy leaders rushed to celebrate news of Mersinger’s new crypto role once it was announced Wednesday. 

“Her enthusiasm for the challenge ahead was undeniable,” Bill Hughes, Consensys’ director of Global Regulatory Matters, posted on X. “ Her ability to lead us to a promising policy future is what has me excited.” (Disclosure: Consensys is one of 22 investors in Decrypt.)

“Mersinger has been an amazing champion for crypto during her time at the CFTC, and now the whole industry will benefit from her leadership,” Jake Chervinsky, Variant Fund’s chief legal officer and a Blockchain Association board member, said. 

Others were less enthused at perceived conflicts of interest posed by Mersinger’s rapid move from regulating crypto to boosting the industry.

A seamless transition from government crypto cheerleader to industry crypto cheerleader

But seriously has she been recused from any crypto matters while she was negotiating this job? https://t.co/EGiMDWI7cm

— Amanda Fischer (@amandalfischer) May 14, 2025

“A seamless transition from government crypto cheerleader to industry crypto cheerleader,” Amanda Fischer, policy director at Open Markets and previously chief of staff to former SEC chair Gary Gensler, wrote Wednesday. “But seriously, has she been recused from any crypto matters while she was negotiating this job?”

The CFTC did not immediately respond to Decrypt’s inquiry regarding whether Mersinger has recused herself from crypto-related work in recent weeks, or will do so before her term ends at the end of this month. 

Optics surrounding D.C.’s infamous “revolving door” between the public and private sectors are currently stark at the CFTC, particularly when it comes to crypto. Just as Mersigner leaves the agency for the Blockchain Association, the regulator looks poised to soon welcome a new chair, Brian Quintenz, who recently stepped down as crypto policy lead at Andreessen Horowitz—a Blockchain Association member.

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





#CFTC #Commissioner #Mersinger #Tapped #Lead #Top #Crypto #Lobbying #Organization

Tags: CFTCCommissionercryptoleadLobbyingMersingerOrganizationTappedtop
Share76Tweet47

Related Posts

ASIC Sues Former Blockchain Global Exec Over M in Unpaid Customer Claims

ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims

by admin
May 28, 2025
0

In brief ASIC has filed civil charges against former Blockchain Global director Liang Guo over alleged misuse of ACX customer...

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

by admin
May 28, 2025
0

Six days after a $223 million exploit shook the Sui ecosystem, decentralized exchange Cetus has announced a recovery initiative that...

El Salvador Defies IMF Again With Fresh Bitcoin Purchase Following Loan Review

El Salvador Defies IMF Again With Fresh Bitcoin Purchase Following Loan Review

by admin
May 28, 2025
0

In brief El Salvador added eight more Bitcoin to its reserve despite IMF warnings An IMF agreement struck on Tuesday...

AI and Crypto Czar David Sacks Says the US Could Buy More Bitcoin

AI and Crypto Czar David Sacks Says the US Could Buy More Bitcoin

by admin
May 28, 2025
0

In brief AI and Crypto Czar David Sacks appeared at Bitcoin 2025 in Las Vegas on Tuesday. Sacks suggested that...

Ethereum Options Market Signals Cautious Optimism as Open Interest Climbs

Ethereum Options Market Signals Cautious Optimism as Open Interest Climbs

by admin
May 28, 2025
0

In brief Amberdata data shows only a 12% chance of ETH exceeding $5,000 by December 2025. Retail traders are targeting...

Load More
  • Trending
  • Comments
  • Latest
Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

April 25, 2025
Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

May 7, 2025
Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

April 25, 2025
Why DeFi agents need a private brain

Why DeFi agents need a private brain

May 4, 2025
US Commodities Regulator Beefs Up Bitcoin Futures Review

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0
India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0
Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: 5.55

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
ASIC Sues Former Blockchain Global Exec Over M in Unpaid Customer Claims

ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims

May 28, 2025
Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

May 28, 2025
Bitcoin Traders Eye New Highs by End of Summer; Ether Rises 3% on Treasury Optimism

Bitcoin Traders Eye New Highs by End of Summer; Ether Rises 3% on Treasury Optimism

May 28, 2025
Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

May 28, 2025
  • About
  • FAQ
  • Contact Us
Call us: +1 23456 JEG THEME

© 2025 Btc04.com

No Result
View All Result
  • Home
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
  • Contact Us

© 2025 Btc04.com