The cryptocurrency sector is expressing significant support for U.S. Senator Cynthia Lummis following her announcement that she will not pursue reelection in 2026. Lummis has been a staunch advocate for digital assets and has played a pivotal role in shaping U.S. crypto policy, earning considerable respect within the industry.
Collin McCune, head of government affairs at venture capital firm a16z, highlighted her contributions in a post on X, stating that “crypto would not be where it is today without her fight in Congress.” David Sacks, a prominent figure in the crypto space, echoed this sentiment, referring to Lummis as a “great ally on crypto.” Greg Xethalis, a general partner at Multicoin, underscored her unique perspective, noting that “sometimes it takes a cattle rancher like Sen. Lummis to drive good policy.”
Throughout her tenure, Lummis was known for her critical stance on the regulatory approach of former SEC Chair Gary Gensler, particularly his enforcement-heavy tactics regarding cryptocurrencies during the Biden administration. She was a significant proponent of both the Responsible Financial Innovation Act and the ongoing U.S. Clarity Act, both initiatives designed to provide clearer regulations for digital assets.
In her announcement, which garnered nearly 1 million views on X, Lummis expressed her exhaustion, stating, “I am a devout legislator, but I feel like a sprinter in a marathon. The energy required doesn”t match up.” This personal reflection resonated with many, as support also emerged from the White House, where David Sacks described her as “a great ally on crypto” and expressed sadness at her departure.
Bitcoin advocate and host of Coin Stories, Natalie Brunell, paid homage to Lummis, thanking her for her contributions and support in advancing the Bitcoin agenda. She wished Lummis “a wonderful next chapter.”
Despite Lummis” decision to step down, industry stakeholders assert that the legislative work surrounding cryptocurrency is ongoing. Multicoin managing partner Kyle Samani remarked, “Jobs not done. We have legislation to pass in 2026.” This statement reflects a broader sentiment that while Lummis may be leaving, the push for regulatory clarity and progressive policy continues.
Just a day before Lummis” announcement, Sacks indicated that Congress could potentially take action on the highly anticipated U.S. Clarity Act as early as January. He mentioned, “We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for.” The industry remains hopeful as it navigates these critical developments.
