Crypto Industry Backs Cynthia Lummis as Pro-Bitcoin Senator Exits 2026 Race
- Senator Cynthia Lummis confirmed she will not run for reelection in 2026 after serving as a primary advocate for digital assets since 2020.
- Her legislative work included the Responsible Financial Innovation Act and efforts to reduce tax burdens on small crypto purchases.
- Industry leaders and officials credited her with successfully pushing for clearer regulatory frameworks and challenging aggressive SEC enforcement.
It appears US Senator Cynthia Lummis won’t seek reelection in 2026, and the crypto industry has reacted to her decision, praising her role as one of Washington’s most visible advocates for digital assets.
Lummis has been regarded as a prominent voice in US crypto policy debates since 2020. Recently, Lummis proposed a new legislation that would modernise the Internal Revenue Code of 1986 to ease the compliance burden on everyday users making low-value purchases.
This and other key initiatives have made industry figures credit her with pushing the discussion toward clearer crypto rules. For instance, a16z’s head of government affairs, Collin McCune, said in an X post on Friday that the sector’s current position in Congress reflects her work.
Thank You and Goodbye!
Multicoin general partner Greg Xethalis also highlighted her influence, pointing to her persistence in driving policy priorities.
Read more: Deutsche Bank Backs Coinbase’s “Everything Exchange” With Bullish US$340 Target
During the Biden administration, Lummis was a vocal critic of former SEC Chair Gary Gensler’s approach to crypto enforcement. She backed proposals including the Responsible Financial Innovation Act and the ongoing US Clarity Act, both aimed at defining regulatory responsibilities and reducing uncertainty for digital assets.
In her announcement on Friday, which drew nearly 1 million views on X, Lummis said she did not have another six-year term in her, describing herself as “a sprinter in a marathon.” White House AI and crypto czar David Sacks called her a key ally on crypto and said he was sorry to see her leave.
Bitcoin advocate and Coin Stories host Natalie Brunell also thanked Lummis for helping advance Bitcoin-related policy efforts.
Related: Crypto Market Structure Bill Gains Momentum as Senate Push Accelerates
The post Crypto Industry Backs Cynthia Lummis as Pro-Bitcoin Senator Exits 2026 Race appeared first on Crypto News Australia.
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