The cryptocurrency industry is mourning the loss of its fiercest advocate on Capitol Hill after Sen. Cynthia Lummis announced Friday she would not seek reelection.
Lummis, R-Wyo., said last week that the “difficult, exhausting” final weeks of this year’s Congress led her to withdraw her reelection bid, saying she’s “come to accept that I do not have six more years in me.”
Lummis is chair of the Senate Banking Committee’s crypto subpanel and a reliable ally for the industry — helping muscle through the GENIUS Act, a first-of-its-kind bill regulating stablecoins, in July. She is currently negotiating legislation as part of an industry-backed push for broader regulation of cryptocurrency.
Crypto interests bemoaned her retirement, which sets up a primary for her seat in ruby-red Wyoming in 2026.
“Senator Lummis has been a great ally on crypto — very sorry to see her go!” said David Sacks, the White House AI and crypto czar, in a post to X.
