Crypto Sector Laments Lummis’ Senate Exit Decision
Crypto Industry Mourns Senator Lummis’ Exit from Senate
The cryptocurrency sector has united in expressing profound disappointment following the announcement by U.S. Senator Cynthia Lummis that she will not pursue reelection in 2026. As a prominent champion of digital assets, Lummis has been instrumental in shaping key policy debates surrounding cryptocurrency in the United States over recent years, gaining admiration from industry leaders far and wide.
Collin McCune, head of government affairs at venture capital firm a16z, shared his thoughts on X, stating that the current state of crypto owes much to her persistent advocacy within Congress. He emphasized her crucial contributions to advancing the sector’s interests on Capitol Hill.
David Sacks Calls Lummis a “Great Ally” for Crypto
Greg Xethalis, general partner at crypto investment firm Multicoin, echoed these sentiments, noting that Lummis’ unique background as a cattle rancher brought a fresh perspective to policy-making. He credited her approach with propelling meaningful progress in cryptocurrency regulation.
Lummis stood out as a fierce opponent to the regulation-by-enforcement tactics employed by former SEC Chair Gary Gensler under the Biden administration. She was a leading proponent of legislative measures like the Responsible Financial Innovation Act and the U.S. Clarity Act, both designed to deliver much-needed regulatory frameworks for digital currencies and foster innovation.
In her candid announcement posted on Friday, which quickly garnered nearly 1 million views on X, Senator Lummis explained her decision by revealing that she lacked the stamina for another six-year term. Describing herself as a devoted lawmaker akin to a sprinter forced into a marathon, she highlighted the mismatch between her energy levels and the role’s demands.
Endorsements poured in even from the White House, where David Sacks, the AI and crypto advisor, praised Lummis as a tremendous supporter of the crypto space. He expressed deep regret over her departure, underscoring her vital role in policy advancements.
Natalie Brunell, a prominent Bitcoin advocate and host of Coin Stories, also honored Lummis for her dedicated service and efforts in promoting Bitcoin’s growth. Brunell extended her best wishes for whatever endeavors Lummis pursues next.
Industry Insists Crypto Policy Work Continues
Although Lummis is stepping away, voices from the crypto world affirm that the push for favorable legislation remains robust. Kyle Samani, managing partner at Multicoin, declared on X that critical tasks lie ahead, including passing key bills in 2026.
This development follows closely on remarks from David Sacks, who indicated that Congress might take up the eagerly awaited U.S. Clarity Act as soon as January. Sacks highlighted the proximity to enacting transformative crypto market structure laws, aligning with President Trump’s vision for the industry.
