CoinDesk Podcast Network How the D.C. Revolving Door Is Shaping the Future of Crypto | CoinDesk Daily
Dec 23, 2025
The latest high-profile moves in D.C. highlight the revolving door between government and the crypto sector. Outgoing CFTC Chair Caroline Pham joins MoonPay, while Trump's administration fills roles with private-sector veterans. Concerns about conflicts of interest arise, but some argue this shift modernizes governance. The discussion also covers significant transitions within other regulatory bodies. Tune in for insights on how these changes may shape the future of cryptocurrency.
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Regulators Become Strategic Hires
- Caroline Pham's move from the CFTC to MoonPay highlights the growing pipeline from regulators to crypto firms.
- Firms value insiders who helped craft new rules like the Genius Act for stablecoins as strategic hires.
Notable Post‑Government Moves
- The episode lists recent moves: Summer Merzinger became Blockchain Association CEO and Michael Hsu joined Core Innovation Capital.
- These examples show a steady flow of former regulators into influential crypto and fintech roles.
Reverse Revolving Door Emerges
- The administration is also hiring private‑sector leaders into government, creating a reverse revolving door.
- Bringing industry veterans into agencies is framed as modernization but raises conflict‑of‑interest concerns.