The acting chairperson of the US Commodity Futures Trading Commission (CFTC), Caroline Pham, plans to leave after the new chairperson takes office. Republican commissioner Summer Mersinger has previously confirmed that he will be the CEO of the Blockchain Association in June. If the two leave at the same time, the CFTC will be left with only Democratic commissioner Kristin Johnson and possible new chairperson Brian Quintenz, forming a 1:1 partisan ratio (rather than majority control). Quintenz used to be the head of a16z policy. If he takes office, it may affect the policy direction of the CFTC. At present, Congress is considering relevant bills to expand the CFTC's regulatory authority over cryptocurrencies, and the insufficient number of members may affect the legislative process. The normal establishment of the CFTC should be 5 members, including 3 members of the majority party and 2 members of the minority party. After Mersinger leaves, he will serve as the CEO of the Blockchain Association, which mainly promotes cryptocurrency-related policies. During his tenure, Pham advocated adjusting the regulatory approach of the CFTC and reducing enforcement actions in the cryptocurrency field. Recently, the Trump administration has continued to adjust the personnel arrangements of federal regulators, and has replaced a number of Democratic appointees.