Crypto Community Reacts to Senator Lummis' Reelection Decision
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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, has played a significant role in US crypto policy discussions over the past few years and earned widespread respect across the crypto industry.
Collin McCune, head of government affairs at venture capital firm a16z, stated in an X post that crypto would not be where it is today without her fight in Congress. David Sacks echoed this sentiment, calling Lummis a great ally on crypto.
Greg Xethalis, general partner at crypto investment firm Multicoin, noted that her priorities have advanced significantly, stating it sometimes takes a cattle rancher like Senator Lummis to drive good policy.
Lummis was a vocal critic of former SEC Chair Gary Gensler's regulation-by-enforcement approach during the Biden administration and was a major advocate for the Responsible Financial Innovation Act and the ongoing US Clarity Act, both aimed at providing greater regulatory clarity for digital assets.
In her announcement, which garnered almost one million views on X, Lummis expressed that she does not have six more years in her, describing herself as a devout legislator feeling like a sprinter in a marathon.
White House AI and crypto czar David Sacks also expressed his disappointment over Lummis’ departure, calling her a great ally on crypto. Bitcoin advocate Natalie Brunell thanked Lummis for her service, wishing her well in her next chapter.
Despite Lummis’ decision, industry participants emphasized that their policy efforts are far from over. Multicoin managing partner Kyle Samani stated that the jobs are not done, highlighting the need for legislation to pass in 2026.
The announcement came a day after Sacks indicated that the US Congress could move as early as January on the highly-anticipated US Clarity Act, with Sacks stating that they are closer than ever to passing this landmark crypto market structure legislation.