Blockchain Association sets leadership change after Clarity Act fails

The Blockchain Association will replace Summer Mersinger with Kristin Smith on October 16. Smith will serve as the association's interim leader. Smith was the organization's original chief executive and led it from its launch in 2018 until 15 months ago. The transition follows the US Senate's failure last week to advance the Digital Asset Market Clarity Act. All Senate Democrats and some Republicans declined to support the bill. Mersinger said she was proud of the association's progress, including the GENIUS Act and regulatory clarity at the SEC and CFTC.