ChainCatcher reports that the cryptocurrency industry regrets Senator Cynthia Lummis's announcement that she will not seek re-election in 2026. Lummis stated that while she is a devout legislator, she feels she lacks the energy to sustain another six-year term. Collin McCune, head of government affairs at a16z, commented that the crypto industry would not be where it is today without Lummis's efforts in Congress. David Sacks, White House AI and Cryptocurrency Director, praised her as a great ally of the crypto space.
Previously, Cynthia Lummis had been a strong advocate for the Responsible Finance Innovation Act and the American Clarity Act, aiming to provide regulatory clarity for digital assets. Kyle Samani, Managing Partner of Multicoin, stated that although Cynthia Lummis has decided to step down, policy-making work is not yet complete, and legislation still needs to be passed in 2026.
