Crypto's closest ally in Congress, Sen. Lummis, is retiring next year
Summary
U.S. Senator Cynthia Lummis, described as the crypto sector's closest friend in Congress, has stated she will not run for re-election, with her term ending in January 2027. Lummis cited exhaustion from the demanding legislative sessions as the reason for stepping down, comparing herself to a marathon runner whose energy no longer matches the required pace. As the inaugural chair of the crypto subcommittee on the U.S. Banking Committee, she has prioritized crypto-friendly legislation, including market structure efforts and proposals for the government's bitcoin stockpile. She intends to remain active in negotiating the market structure bill through 2026 before her departure. Her retirement leaves a Republican seat open in Wyoming, though the state has historically favored Republicans.
(Source:CoinDesk)