According to online reports, Caroline Pham, acting chairman of the U.S. Commodity Futures Trading Commission (CFTC), plans to leave after the new chairman takes office. Republican Commissioner Summer Mersinger has previously confirmed that he will become CEO of the Blockchain Association in June. If both leave office at the same time, the CFTC will have only Democratic Commissioner Kristin Johnson and possible new chairman Brian Quintenz, creating a 1:1 party ratio (rather than majority control). Quintenz was once the head of a16z policy. If he takes office, he may affect the direction of CFTC policy. Congress is currently reviewing bills to expand the CFTC's regulatory authority over cryptocurrencies. The insufficient number of members may affect the legislative process. The normal establishment of the CFTC should have 5 members, including 3 majority members and 2 minority members. After Mersinger leaves, he will serve as CEO of the Blockchain Association, which mainly promotes cryptocurrency-related policies. During his tenure, Pham advocated adjusting the CFTC's regulatory approach and reducing enforcement actions in the cryptocurrency field. Recently, the Trump administration has continued to adjust the personnel arrangements of federal regulatory agencies and has replaced many Democrat-appointed officials.