Crypto community ‘very sorry’ over Senator Lummis' reelection decision

cointelegraphОпубліковано о 2025-12-21Востаннє оновлено о 2025-12-21

Анотація

US Senator Cynthia Lummis, a prominent advocate for cryptocurrency and Bitcoin, announced she will not seek reelection in 2026, prompting widespread support and regret from the crypto community. Industry leaders credited her significant role in advancing pro-crypto policies, criticizing the SEC's enforcement-heavy approach and championing key legislative efforts like the Responsible Financial Innovation Act and the US Clarity Act. Despite her departure, figures like a16z's Collin McCune and Multicoin's Kyle Samani emphasized that regulatory work continues, with hopes high for passing major crypto legislation in 2026. White House crypto czar David Sacks called her a "great ally" and expressed disappointment at her exit.

The crypto industry has rallied in support of pro-crypto US Senator Cynthia Lummis after she announced she will not seek reelection in 2026.

Lummis, who is a vocal advocate for digital assets and Bitcoin (BTC) adoption, played a significant role in crypto policy discussions in the US over the past few years and earned widespread respect across the crypto industry.

Venture capital firm a16z head of government affairs, Collin McCune, said in an X post on Friday that “crypto would not be where it is today without her fight in the Congress.”

Lummis was a “great ally on crypto,” says David Sacks

Echoing a similar sentiment, crypto investment firm Multicoin general partner, Greg Xethalis, said, “Her priorities have advanced so far because sometimes it takes a cattle rancher like Sen Lummis to drive good policy.”

Lummis was a vocal critic of former SEC Chair Gary Gensler’s regulation-by-enforcement approach to crypto during the Joe Biden administration and was a major advocate for the proposals of the Responsible Financial Innovation Act and the ongoing US Clarity Act, both aimed at providing greater regulatory clarity for digital assets.

In her announcement on Friday, which has amassed almost 1 million views on X, Lummis said she does not have “six more years” in her. “I am a devout legislator, but I feel like a sprinter in a marathon. The energy required doesn’t match up,” she said.

Support for Lummis also came from within the White House. White House AI and crypto czar, David Sacks, described Lummis as “a great ally on crypto,” adding that he was “very sorry to see her go.”

Bitcoin advocate and Coin Stories host Natalie Brunell also paid tribute, thanking Lummis for her “service and for helping move the Bitcoin cause forward.” “Wishing you a wonderful next chapter,” Brunnell said.

Crypto VC says “jobs not done” after Lummis’ announcement

Despite Lummis’ decision to step down, industry participants say policy efforts are far from over. Multicoin managing partner Kyle Samani said, “Jobs not done. We have legislation to pass in 2026.”

Related: US Senate confirms pro-crypto Selig to lead CFTC, Hill to head FDIC

Lummis’ announcement came a day after Sacks said the US Congress could move as early as January on the highly-anticipated US Clarity Act.

”We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for,” Sacks said on Thursday.

Magazine: Bitcoin’s critical level is $82.5K, Ethereum ‘not done yet’: Trade Secrets

Пов'язані питання

QWhy is the crypto community expressing support and regret over Senator Cynthia Lummis' decision?

ABecause she is a vocal advocate for digital assets and Bitcoin adoption, played a significant role in crypto policy discussions, and was a key supporter of legislation like the Responsible Financial Innovation Act and the US Clarity Act.

QWhat role did Senator Lummis play in criticizing the SEC's approach to crypto regulation?

AShe was a vocal critic of former SEC Chair Gary Gensler’s regulation-by-enforcement approach during the Biden administration.

QHow did David Sacks describe Senator Lummis following her announcement?

AHe described her as 'a great ally on crypto' and said he was 'very sorry to see her go'.

QWhat did Multicoin managing partner Kyle Samani say about the future of crypto legislation after Lummis' decision?

AHe stated, 'Jobs not done. We have legislation to pass in 2026,' indicating that policy efforts are far from over.

QWhat reason did Senator Lummis give for not seeking reelection in 2026?

AShe said she does not have 'six more years' in her, feeling like 'a sprinter in a marathon' where the energy required doesn't match up.

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