Blockchain losing its CEO to Solana’s policy push

Kristin Smith, CEO of the Blockchain Association, is stepping down next month to lead Solana’s Policy Institute as its president, effective May 19. Her departure from the Blockchain Association, where she helped influence the election of a pro-crypto president, is set for May 16.

The Blockchain Association’s Board of Directors, according to communications lead Curtis Kincaid, has commenced the search for Smith’s replacement.

Smith announced her new position at Solana’s Policy Institute via an X post. Prior to her six-year tenure at the Blockchain Association, she worked on Capitol Hill as a Senate and congressional aide, concentrating on technology policy.

In addition to her work with the Blockchain Association, Smith has served on the boards of the Filecoin Foundation for the Decentralized Web and Skybridge Capital’s G and GII Funds, which was founded by Anthony Scaramucci.

Solana, currently the sixth-largest digital asset by market capitalization, was trading at $126.70 recently, showing no change over the previous 24 hours. Smith stated, “This isn’t goodbye to the industry I love — just a shift in perspective.”