Crypto’s Closest Ally in Congress, Sen. Lummis, is Retiring Next Year
U.S. Senator Cynthia Lummis, a dedicated friend to crypto causes, has decided to exit the Senate after her first term. Lummis said in a statement that she doesn’t have another six years in the tank, but she intends to deliver major legislation to President Donald Trump’s desk next year.
What to Know About Senator Lummis’ Departure
Lummis has been the inaugural chair of the first subcommittee dedicated to crypto matters at the U.S. Banking Committee, where she’s pushed crypto-friendly legislation as a top priority. Even now, she’s among the leading negotiators for the crypto market structure bill, which will draw members back to the bargaining table after the holiday break.
Crypto Advocates Mourn the Loss of a Key Ally
Crypto advocates are already lamenting her departure. Ji Kim, CEO of the Crypto Council for Innovation, called her a “leading champion for digital assets in Washington.” Her deep understanding and conviction have helped elevate digital assets policy and strengthen U.S. innovation and leadership, Kim said in a statement on Friday.
The Impact of Lummis’ Departure on the Crypto Industry
The first-term lawmaker will call it quits after her six-year term ends in January 2027, leaving a Republican seat open in extremely red Wyoming, but also removing a major ally for the digital assets industry. Lummis has introduced bills meant to ease a path toward regulatory acceptance and the government embrace of crypto.
Conclusion
Senator Lummis’ departure marks a significant loss for the crypto industry, which will have to navigate a new landscape without her tireless advocacy. Her legacy will live on, however, as she continues to push for crypto-friendly legislation before her departure.
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