- Cynthia Lummis, U.S. Senator from Wyoming and prominent crypto advocate, announced she will not run for re-election in 2026.
- Lummis has served as the first chair of the dedicated crypto subcommittee in the U.S. Banking Committee and led efforts on key crypto legislation.
- Her departure leaves a Republican Senate seat open in a strongly Republican state and removes a significant ally for the digital assets sector.
- She remains involved in ongoing negotiations for the crypto market structure bill ahead of the 2026 legislative session.
- Crypto industry leaders praised her contributions and influence on policy development.
Cynthia Lummis, the Wyoming Senator known for her strong support of the cryptocurrency industry, announced on Friday that she will not seek a second term. Her current six-year term will end in January 2027, leaving an open Republican seat in Wyoming, a state with a strong GOP presence.
During her first term, Lummis chaired the first-ever subcommittee focused solely on cryptocurrency issues under the U.S. Senate Banking Committee. She prioritized legislation that promotes crypto-friendly policies and the government’s adoption of digital assets. Her legislative agenda included efforts to improve crypto tax policy, establish a government Bitcoin reserve, and advance market structure reforms.
Despite her upcoming departure, she continues to play a key role in negotiating the crypto market structure bill, which aims to regulate and strengthen the digital assets market. These talks are set to resume after the holiday recess. Lummis described her decision not to run as a personal recognition of the demanding nature of legislative work, saying she felt like a sprinter in a marathon and did not have the energy for another six years.
Wyoming is a reliably Republican state, with the last Democratic Senator serving in the 1970s. In her 2020 campaign, Lummis won nearly 73% of the vote and had the backing of former President Trump, whom she credited with supporting her efforts in Washington. She said she will focus on finalizing important legislation and helping maintain Republican control of the Senate through 2026.
The crypto community expressed regret over her planned exit. Ji Kim, CEO of the Crypto Council for Innovation, called her a “leading champion for digital assets in Washington.” Kim added that Lummis had significantly advanced digital asset policy and U.S. leadership in innovation.
For additional details, see this statement by Cynthia Lummis and commentary from Ji Kim.
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