The crypto industry has expressed support for pro-cryptocurrency US Senator Cynthia Lummis after she announced she will not seek re-election in 2026.
Lummis has long been a vocal advocate for digital assets, having played a significant role in shaping US cryptocurrency policy over the past several years. This has earned her widespread respect in the crypto industry.
Collin McCune, head of government affairs at venture capital firm a16z, wrote on social media that «the crypto industry wouldn’t be where it is today without her fight in Congress.»
Greg Xetalis, general partner at crypto investment firm Multicoin, noted that «it takes someone like Senator Lummis to make good policy.»
Lummis opposed former SEC Chairman Gary Gensler’s enforcement-based approach and actively supported the Responsible Financial Innovation Act and the current US Regulatory Clarity Act.
Lummis’s refusal is explained by the fact that she «feels like a sprinter in a marathon, but doesn’t have enough strength anymore.»
The senator’s statement came a day after the White House’s chief of artificial intelligence and cryptocurrency David Sachs said that the US Congress could pass the long-awaited US Clarity Act as early as January.
We are closer than ever to passing the landmark cryptocurrency market structure legislation that President Trump has called for, Sachs said.