The crypto community has poured out its support towards Senator Cynthia Lummis’ decision not to seek reelection.The crypto community has poured out its support towards Senator Cynthia Lummis’ decision not to seek reelection.

Lummis gains crypto support after reelection decision

The crypto community has poured out its support towards crypto-leaning United States Senator Cynthia Lummis after she revealed her decision not to seek reelection in 2026. Lummis has been a pivotal advocate for digital assets, playing an important role in US crypto policy discussions over the past few years.

According to a previous Cryptopolitan report, Lummis announced that she was walking away from Washington after just one term, leaving a bad taste in the mouth of the crypto community and the general crypto-facing public. In the statement released by her office on Friday, Lummis noted that she would retire when her term expires in 2027, highlighting that the choice came as a result of a heavy workload, while noting that she no longer has the energy to match those levels anymore.

Crypto community rallies in support of Senator Cynthia Lummis

The entire crypto community has showered encomiums on the outgoing Senator, with popular and influential personalities in the industry urging the community to support her decision. Collin McCune, Venture capital firm a16z head of government affairs, mentioned in a post that the US Senator created space for innovators and builders with her leadership, and crypto would not be where it is today without her fighting for the industry in Congress.

Echoing the same sentiment, Greg Xethalis, a general partner with crypto investment firm Multicoin, noted that the Senator has been a tremendous leader in the Senate, highlighting her fight across all sectors, including the crypto industry. “Her priorities have advanced so far because sometimes it takes a cattle rancher like Sen Lummis to drive good policy,” he added. Matthew Sigel, the head of digital assets research at VanEck, also had some parting words for the Senator.

Lummis was a vocal critic of former SEC Chair Gary Gensler’s regulation. The regulation was described as a regulation-by-enforcement approach to crypto during the Joe Biden administration. She was also a major advocate for the proposals of the Responsible Financial Innovation Act and the ongoing United States Clarity Act, which are both aimed at providing greater regulatory clarity for digital assets in the country.

Encomiums pour in from the crypto community on X

In the announcement, which she released on Friday on X, Senator Cynthia Lummis mentioned that she does not have six more years in her. In the post, which has amassed about a million views on X, she highlighted how much she loved being a legislator, but noted that her current energy levels do not match up, as she feels she has now become more of a sprinter in a marathon.

Support also poured from the White House, as White House AI and Crypto Czar David Sacks described the Senator as a great ally on crypto. He added that he was very sorry to see her go. Bitcoin advocate and Coin Stories host Natalie Brunell also paid tribute to the Senator, thanking her for her service and for helping move the Bitcoin cause forward. “Wishing you a wonderful next chapter,” Brunnell added.

Despite Lummis announcing her decision to step down, industry participants are still fixated on policy efforts, noting that they are far from over. Kyle Samani, managing partner at Multicoin, highlighted that the job is not done, noting that there is still a regulation to pass in 2026. Lummis’ announcement also came a day after Sacks hinted that the US Congress could move as early as January on the highly anticipated US Clarity Act.

“We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for,” Sacks said in a post on Thursday. With Lummis leaving her seat open, it remains to be seen who takes over from the crypto ally. Meanwhile, Wyoming republicans are already lining up. The state leans deep in red, and it is expected that whoever wins the GOP primary will almost certainly win the general.

Join Bybit now and claim a $50 bonus in minutes

Market Opportunity
GAINS Logo
GAINS Price(GAINS)
$0.0136
$0.0136$0.0136
+0.74%
USD
GAINS (GAINS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Octav Integrates Chainlink to Deliver Independent Onchain NAV for DeFi

Octav Integrates Chainlink to Deliver Independent Onchain NAV for DeFi

Octav integrates Chainlink oracles to deliver neutral on-chain NAV, restoring trust during volatile DeFi markets. October shocks exposed DeFi operating without
Share
Crypto News Flash2025/12/21 17:51
SEC Final Judgments on FTX Executives Filed

SEC Final Judgments on FTX Executives Filed

The SEC has filed proposed final consent judgments against former FTX executives. Key figures involved include Caroline Ellison, Gary Wang, and Nishad Singh.
Share
CoinLive2025/12/21 18:06
SHIB Price Drops as Leadership Concerns Grow

SHIB Price Drops as Leadership Concerns Grow

The post SHIB Price Drops as Leadership Concerns Grow appeared on BitcoinEthereumNews.com. Shiba Inu investors uneasy as Kusama’s silence fuels leadership concerns. SHIB slid 13% in three days, retracing from $0.00001484 to $0.00001305. Shibarium exploit and Kusama’s absence have weighed on investor trust. Shiba Inu investors are voicing concerns about the project’s long-term direction as leadership uncertainty and slow ecosystem progress erode confidence.  The token, which rallied from its meme-coin origins to become the second-largest meme asset by market cap, counts more than 1.5 million holders worldwide. But as SHIB matures, the gap between early hype and current delivery has widened.  The project’s transition into an “ecosystem coin” with spin-off projects and Shibarium, its layer-2 network, once raised expectations. Analysts now point to internal challenges as the main factor holding SHIB back from fulfilling that potential. Kusama’s Silence Adds to Instability Central to the debate is the role of Shytoshi Kusama, Shiba Inu’s pseudonymous lead developer. Investors are concerned about the intermittent disappearance of the project’s lead developer, who repeatedly takes unannounced social media breaks.  For instance, Kusama went silent on X for over a month before resurfacing this week amid growing speculation that he had abandoned the Shiba Inu project.  Kusama returned shortly after the Shibarium bridge suffered an exploit worth around $3 million. However, he did not directly address the issue but only reassured Shiba Inu community members of his commitment to advancing the project.  Although most community members didn’t complain about Kusama’s anonymity in the project’s initial stages, his recent behavior has raised concerns. Many are beginning to develop trust issues, particularly because nobody could reveal the SHIB developer’s identity for the past five years. He has conducted all communications under pseudonyms. SHIB Price Action Reflects Sentiment Shift Market reaction has mirrored the doubts. SHIB, which spiked 26% at the start of September, has since reversed. Over the last…
Share
BitcoinEthereumNews2025/09/18 04:13