The Blockchain Association is set to return to its former leader, Kristin Smith, after current chief executive Summer Mersinger announced she would step down.
Smith, who previously led the trade group for a number of years, will take charge on an interim basis when the leadership change takes effect next month.
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The announcement came only days after the digital-asset industry suffered a setback in Congress with the rejection of the Digital Asset Market Clarity Act.
Mersinger’s departure follows a lengthy congressional effort surrounding the proposed legislation. The bill’s rejection marked a disappointment for the industry, which had been seeking greater clarity over the regulation of digital assets.
The Blockchain Association did not announce a permanent successor to Mersinger. For now, the organisation will once again be led by Smith, its original chief executive.
The timing of the transition links a change at the top of the trade group with the conclusion of the prolonged legislative battle over the Clarity Act.