CFTC Commissioner Jumps Ship—Joins Crypto Lobby as CEO
Another regulator swaps rulebooks for a seat at the industry’s table. Mersinger’s exit from the CFTC to helm a crypto lobbying group screams ’revolving door’—Wall Street’s favorite dance move.
Who needs oversight when you can just join the other side? The crypto industry scores another win, pulling a top regulator into its orbit. Watchdog to lapdog—just add incentives.
Bonus jab: At least in crypto, the conflicts of interest are transparent. Try getting that from traditional finance.
Mersinger goes from regulator to crypto advocate
Mersinger was nominated by President Joe Biden in 2022 to become one of the CFTC’s four commissioners, and her confirmation went through with bipartisan support. Over the years, she has earned a reputation as a pragmatic and crypto-aware regulator who favors regulatory clarity over enforcement-first approaches.
In September 2024, she publicly issued a dissenting statement against her commission’s enforcement action against decentralized exchange, Uniswap Labs, warning that “regulation by enforcement” was counterproductive and could stifle innovation.
Before her appointment as commissioner at the CFTC, Mersinger served as the chief of staff to the erstwhile CFTC Commissioner Dawn D. Stump. She also held the position of Director of Legislative and Intergovernmental Affairs at the agency.
She also has two decades of Capitol Hill under her sleeve, including more than a decade working for Senate Majority Leader John Thune. With all her experience, she is a well-connected figure in both regulatory and legislative circles, which strengthens her case for the new CEO role at the Blockchain Association.
A major coup for Blockchain Association
In its announcement post on X, the Blockchain Association wrote,”We are closer than ever to passing fit-for-purpose legislation that treats the digital asset industry as the technological marvel it is, supporting innovation in the sector while providing important consumer protections.
Summer joins at a vital juncture as we make the final push to ensure we turn positive momentum to lasting law.”
Mersinger will take over from Kristin Smith, the outgoing CEO of the Blockchain Association who’s reportedly joining the solana Policy Institute. Sarah Milby, the group’s head of policy, will serve as interim CEO until Mersinger officially assumes the position.
With several crypto-related bills making their way through Congress, Mersinger’s presence is expected to add both credibility and insight to the industry’s policy initiatives.
Mersinger’s transition is being heralded as a strategic win for the crypto industry. Her DEEP understanding of regulatory processes and proven willingness to challenge enforcement-heavy regimes suggest that the Blockchain Association is preparing to take a more sophisticated approach to influencing legislation and relating to policymakers.
Her appointment also highlights the growing movement of former regulators transitioning into industry roles, a trend that has drawn both support and scrutiny. Critics argue it raises conflict of interest concerns, while supporters say it helps bridge the knowledge gap between innovators and policymakers.
The President Trump-led administration’s favorable posture to crypto softens the ground for the Blockchain Association’s goal of achieving a favorable policy standing for players in the space, and Mersinger’s appointment signals a readiness to achieve that goal.
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