Crypto’s Capitol Hill champion Sen. Lummis says she won’t seek re-election

Senator Cynthia Lummis, a prominent Republican figure championing comprehensive cryptocurrency legislation in the Senate, has announced she will not run for re-election. Lummis cited the immense energy required for her legislative work, stating she feels like "a sprinter in a marathon."

As chair of the Senate Banking Committee’s digital assets subcommittee, Lummis has been central to efforts, alongside Senator Kirsten Gillibrand, to create a regulatory framework clarifying oversight between agencies like the SEC and CFTC. The comprehensive bill is moving toward a committee vote next year, though it still faces hurdles in the full Senate and reconciliation with the House version.

Beyond market structure, Lummis has also advocated for crypto tax reform, including ending double taxation for miners and stakers, and has introduced legislation to codify a strategic bitcoin reserve proposed by Donald Trump. Despite stepping down, she remains focused on passing key legislation in 2026.

(Source：The Block)