- US Senator Cynthia Lummis announced she will not seek reelection in 2026, drawing widespread support from the crypto industry.
- Lummis has been a key proponent in shaping US crypto policy, advocating for regulatory clarity and opposing strict enforcement tactics.
- Industry leaders praised her contributions and expressed commitment to continuing crypto legislation efforts.
- The US Clarity Act, aimed at defining crypto regulations, may advance in Congress soon.
Cynthia Lummis, a US Senator known for her strong support of digital assets, revealed on Friday that she will not run for reelection in 2026. She cited the demanding nature of legislative work, saying she does not have “six more years” left and compared herself to “a sprinter in a marathon,” as noted on her X post.
Lummis played a significant role in US crypto policy debates, opposing the former SEC Chair Gary Gensler’s enforcement-heavy regulatory approach under the Biden administration. She championed legislative efforts like the Responsible Financial Innovation Act and the US Clarity Act, both designed to bring clearer rules to digital asset markets.
Support for Lummis came from across the crypto sector. Collin McCune, head of government affairs at venture capital firm a16z, stated in an X post that “crypto would not be where it is today without her fight in the Congress.” Similarly, Greg Xethalis, general partner at crypto investment firm Multicoin, commented on X, “Her priorities have advanced so far because sometimes it takes a cattle rancher like Sen Lummis to drive good policy.”
David Sacks, known as the White House AI and crypto czar, called Lummis “a great ally on crypto” and expressed regret over her departure. Bitcoin advocate Natalie Brunell also thanked Lummis for her service and contributions to the Bitcoin cause in a separate post.
Despite Lummis’ decision to leave, industry leaders say crypto policy work will continue. Multicoin managing partner Kyle Samani declared on X that “Jobs not done. We have legislation to pass in 2026.” The announcement came shortly after Sacks indicated Congress might move forward in January with the US Clarity Act, landmark legislation that aims to clarify crypto market regulation, and which former President Trump has supported, as shared in Sacks’ statement.
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