Blockchain Association sees leadership shift shortly after crypto Clarity Act fizzles
In this news:
Key takeaways
- Summer Mersinger is leaving her leadership role at the Blockchain Association.
- Kristin Smith will return as CEO starting October 16.
- The leadership shift follows the Senate's failure to advance the Clarity Act.
Summer Mersinger is leaving the helm of the Blockchain Association, one of the crypto industry's leading advocacy groups, a week after the sector weathered a major legislative setback in the loss of the Digital Asset Market Clarity Act.
Mersinger will be replaced — for now — by Kristin Smith, the organization's original CEO who ran the association from its launch in 2018 until 15 months ago, according to a Friday statement. The handover is set for October 16, closing a tumultuous era that saw major crypto wins in Washington and a significant defeat last week, when the U.S. Senate failed to advance the Clarity Act in a wide loss in which all the Senate's Democrats and some Republicans declined to support it.
“I'm proud of how far we've come together, from the GENIUS Act to real regulatory clarity at the SEC and CFTC,” said Mersinger, who'd taken the job after leaving her post as a member of the Commodity Futures Trading Commission, in a statement. “Kristin built this association from the ground up, and BA is in good hands. I'll be cheering them on.”
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