Hageman video fuels Senate chatter as Lummis leaves Wyoming seat open

cointelegraphPublicado a 2025-12-23Actualizado a 2025-12-23

Resumen

Wyoming Representative Harriet Hageman has sparked speculation about a 2026 Senate run by posting a cryptic "Soon" video after Senator Cynthia Lummis announced she will not seek reelection. Lummis, a key crypto industry ally and co-sponsor of major digital asset legislation, is retiring, leaving a significant void for crypto advocacy in the Senate. Hageman, while aligned with broader conservative priorities, is now being encouraged by Wyoming's crypto community, including Custodia Bank founder Caitlin Long, to embrace this legacy. The race will test whether Wyoming continues its role as a central hub for crypto policy or shifts focus to other agenda items.

Wyoming Representative Harriet Hageman intensified chatter about a 2026 Senate run by posting a video days after Senator Cynthia Lummis announced she will not seek reelection.

​The five-second clip shows the congresswoman alongside a single-word caption: “Soon.” It breaks a months‐long lull on her account and bolsters speculation that she is eyeing Lummis’ open seat.

Wyoming’s Senate seat has been a reliable voice in advancing regulatory clarity for the crypto industry, from market structure bills and stablecoin regulation to banking access. Whoever replaces Lummis will help decide whether crypto keeps a dedicated champion in the Senate.

Hageman’s tweet has fueled speculation that she may target Wyoming’s open crypto-focused Senate seat. Source: Harriet Hageman

A crypto ally steps down

Lummis is expected to retire at the end of her term, removing one of the digital‐asset industry’s most outspoken allies from the Senate just as lawmakers edge toward potential votes on landmark market‐structure legislation.

​Lummis has built a national profile as a reliable pro‐crypto voice, embracing Bitcoin early and co‐sponsoring legislative efforts widely viewed to advance the blockchain industry, including the Responsible Financial Innovation Act and the ongoing US Clarity Act.

Her pending exit leaves the industry without a guaranteed champion in a chamber that has become increasingly central to decisions on trading‐platform oversight, stablecoin rules and banking access for crypto firms.

Related: Crypto community ‘very sorry’ over Senator Lummis’ reelection decision

​Hageman’s record and crypto’s hopes

As Wyoming’s at‐large House member, she has so far focused on broader conservative themes like parental rights in education, opposition to federal overreach and backing pro‐fossil fuel energy policies, while aligning herself with President Donald Trump. A Senate campaign would test how much she is willing to lean into Lummis’ crypto legacy alongside those priorities.

Wyoming’s crypto community is already nudging her in that direction. Caitlin Long, founder of Custodia Bank and a key architect of the state’s blockchain‐friendly laws, praised Hageman as “salt of the earth.” Long was reacting to news of Hageman’s expected entry in the race.

Introducing Harriet Hageman | Source: Caitlin Long

Related: Crypto among sectors ‘debanked’ by 9 major banks: US regulator

Long’s backing effectively introduces Hageman to crypto audiences as the preferred successor, even though the House member has not yet made digital assets a signature focus.

Wyoming’s 2026 Senate race is now poised to double as a test of whether the state wants to preserve its identity as home to the Senate’s most visible crypto advocate, or fold digital asset policy into a broader Trump‐era Republican agenda.

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Preguntas relacionadas

QWhat action did Representative Harriet Hageman take that fueled speculation about a Senate run?

AShe posted a video with the caption 'Soon' on her social media account, breaking a months-long silence.

QWhy is Senator Cynthia Lummis's decision not to seek reelection significant for the crypto industry?

AShe is one of the digital asset industry's most outspoken allies, and her exit removes a guaranteed champion for crypto in the Senate.

QWhat major crypto legislation has Senator Lummis been involved in?

AShe co-sponsored the Responsible Financial Innovation Act and the ongoing US Clarity Act, which are widely viewed as advancing the blockchain industry.

QWho is Caitlin Long and what was her reaction to Hageman's potential Senate run?

ACaitlin Long is the founder of Custodia Bank and a key architect of Wyoming's blockchain-friendly laws. She praised Hageman as 'salt of the earth' and endorsed her as the preferred successor.

QWhat will the 2026 Wyoming Senate race test, according to the article?

AIt will test whether the state wants to preserve its identity as home to the Senate's most visible crypto advocate or fold digital asset policy into a broader Trump-era Republican agenda.

Lecturas Relacionadas

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Coldcard Hardware Wallet Hacked: Losses Mount Due to Vulnerable Seed Generation A critical vulnerability in Coldcard hardware wallets has led to a continued wave of fund thefts. According to Galaxy Research, the total stolen has reached 1,367.05 BTC (approx. $88.6 million) from 4,585 addresses, a significant increase from the initial 594.5 BTC reported on July 30, 2026. Most of the stolen funds remain on the attackers' addresses. The issue is not with the current firmware, which Coinkite has updated, but with seed phrases generated on vulnerable devices between March 2021 and the release of fixed firmware versions. Due to a programmer error, devices switched from using a hardware random number generator to the software-based Yasmarang generator, which was initialized with publicly accessible data like the chip's serial number. This made the seed phrases predictable through offline brute-force attacks, meaning wallets remain at risk until funds are moved to a new wallet generated with the patched firmware. Affected devices include Mk2/Mk3 with firmware 4.0.1–4.1.9 (and up to 5.0.3), Mk4/Mk5 up to version 5.6.0, and Q models up to 1.5.0Q. The only exceptions are seeds created with a high-entropy method like at least 50 independent dice rolls or a strong unique BIP-39 passphrase. All other owners must generate a new seed on the fixed firmware and transfer their assets. A case highlighting the human impact involves a 39-year-old long-term investor who lost 2 BTC (approx. $130,000) in minutes. He had accumulated the Bitcoin over eight years through physical labor, viewing it as a financial lifeline and a retirement plan in a country suffering from hyperinflation. His story underscores that even conservative "buy and hold in cold storage" strategies can be compromised by such underlying technical flaws. From a technical perspective, this incident echoes historical failures where weak random number generators undermined cryptographic security, challenging the assumption that offline storage is automatically foolproof.

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