CFTC Commissioner leaves the agency to head the encryption trade group

The Crypto Trade Group Group announced on Wednesday that the Summer Mersiner is leaving the agency to lead the Blockchain Association.

Mersenger, who spent the past three years at the agency, will take over the position of Blockchain CEO, as its long -term executive, Cristin Smith leaves a new non -profit agreement for encryption.

“We are pleased to welcome the Commissioner Miringer as a new executive of the Bluchin Association,” Marta Bilcher, Chairman of the Bluchin Association, said in a statement.

“This is a pivotal moment of encryption policy, and we are confident that it is the ideal leading company to take the Blockchain Association and Industry, to new horizons,” Bilcher added.

The last day for MERSINERER in CFTC will be May 30, and its new role will start in the Blockchain Association on June 2.

Smith, who leaves the Crypto Trade Group collection of the Solana Policy Institute on May 16, has been to the Commissioner on Wednesday.

Smith said in a post on the social platform x.

CFTC is one of the two agencies charged with regulating the encryption industry, along with the Securities and Stock Exchange Committee. However, unlike his counterpart, CFTC has maintained a more friendly relationship with industry in recent years.

Mersenger was initially considered a competitor to lead the agency in the first days of the Trump administration. However, President Trump ultimately took advantage of Brian Quintns, a former CFTC and President of Andreneen Horwat Craibo, for this role.

The transition comes in the Blockchain Association at a main moment of the encryption industry, as it acquires a new momentum with the support of the Trump administration and Republican leaders of Congress.

However, progress in the main encryption legislation has fallen in recent days. Democrats prevented the Senate from moving forward with the consideration of the Stablecoin Bill last week amid conflict with Republicans on negotiations.

Democrats in the House of Representatives came out separately in a hearing on the legislation of the market structure last week, citing concerns with Trump and the growing encryption weller of his family.