Crypto Industry Rallies Around Pro-Crypto US Senator Cynthia Lummis After Announcement
The crypto industry has come together to express its gratitude and support for US Senator Cynthia Lummis, a vocal advocate for digital assets, after she announced that she will not seek reelection in 2026. Lummis has played a significant role in shaping US crypto policy discussions over the past few years, earning widespread respect across the industry.
Venture capital firm a16z head of government affairs, Collin McCune, praised Lummis’ efforts, stating that “crypto would not be where it is today without her fight in Congress.” This sentiment is echoed by crypto investment firm Multicoin general partner, Greg Xethalis, who noted that “her priorities have advanced so far because sometimes it takes a cattle rancher like Sen Lummis to drive good policy.”
Lummis has been a vocal critic of former SEC Chair Gary Gensler’s regulation-by-enforcement approach to crypto during the Joe Biden administration. She has also been a major advocate for the proposals of the Responsible Financial Innovation Act and the ongoing US Clarity Act, both aimed at providing greater regulatory clarity for digital assets.
A Great Ally on Crypto: Industry Leaders Pay Tribute to Lummis
White House AI and crypto czar, David Sacks, described Lummis as “a great ally on crypto,” adding that he was “very sorry to see her go.” Bitcoin advocate and Coin Stories host Natalie Brunell also paid tribute, thanking Lummis for her “service and for helping move the Bitcoin cause forward.” “Wishing you a wonderful next chapter,” Brunnell said.
Despite Lummis’ decision to step down, industry participants say policy efforts are far from over. Multicoin managing partner Kyle Samani emphasized that “jobs are not done” and that there is still legislation to pass in 2026. This sentiment is shared by many in the industry, who recognize the importance of continued advocacy and support for pro-crypto policies.
Next Steps for Crypto Policy
Lummis’ announcement came a day after Sacks said the US Congress could move as early as January on the highly-anticipated US Clarity Act. According to Sacks, “we are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for.” As the industry looks to the future, it is clear that the work of advocates like Lummis will continue to play a crucial role in shaping the regulatory landscape for digital assets.
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