Hageman video fuels Senate chatter as Lummis leaves Wyoming seat open

cointelegraphPubblicato 2025-12-23Pubblicato ultima volta 2025-12-23

Introduzione

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.

Crypto di tendenza

Domande pertinenti

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.

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Coldcard Hardware Wallet Hacked: 594 Bitcoin Withdrawn in 25 Minutes

The Coldcard hardware wallet has been compromised, with hackers stealing approximately 594.5 Bitcoin (~$40 million) from 500 addresses in just 25 minutes. The root cause was a critical software bug, undetected for five years, which disabled the device's secure chip for generating true random numbers. This led to the creation of private keys based on predictable data like the processor's serial number, drastically reducing cryptographic security. The attackers exploited this offline by brute-forcing possible seed phrases, finding active addresses on the public ledger, and signing transactions. Initially, Coinkite (Coldcard's maker) claimed only older models were at risk but later admitted all devices running the compromised firmware were vulnerable. CEO Rodolphe Novak (NVK) apologized but ruled out financial compensation for affected users. To secure funds, owners must urgently update their firmware to specific safe versions, generate a completely new seed phrase on the updated device, and transfer all assets to new addresses created with that new seed. While a BIP-39 passphrase can help, it does not replace this migration process. Other Coinkite products like TAPSIGNER were not affected. This incident underscores that even specialized hardware requires rigorous, independent code audits, especially for cryptographic functions. It parallels past failures, like a 2006 OpenSSL bug in Debian, and raises questions about whether automated code analysis can ever fully replace human scrutiny in critical security areas.

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Coldcard Hardware Wallet Hacked: 594 Bitcoin Withdrawn in 25 Minutes

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