Crypto Industry Reacts as Sen. Cynthia Lummis Won’t Run in 2026
The crypto industry rallied behind U.S. Senator Cynthia Lummis after she announced she will not seek reelection in 2026.
Lummis, a prominent advocate for digital assets, has been active in U.S. crypto policy debates in recent years and has earned broad recognition from industry participants. Collin McCune, who leads government affairs at venture firm a16z, said on X that the sector would not be where it is today without her efforts in Congress.
David Sacks calls Lummis a strong ally on crypto
Echoing that view, Multicoin Capital general partner Greg Xethalis said Lummis’ priorities advanced significantly and noted that her background as a cattle rancher helped her push for favorable policy outcomes.
Lummis was a frequent critic of former SEC Chair Gary Gensler’s regulation-by-enforcement approach to crypto during the Joe Biden administration. She also championed the Responsible Financial Innovation Act and the ongoing US Clarity Act, both designed to provide clearer rules for digital assets.
In a Friday announcement on X that drew almost 1 million views, Lummis said she does not have six more years to serve. She described herself as a devoted legislator who feels like a sprinter in a marathon, adding that the required energy no longer aligns.
Support also came from within the White House. White House AI and crypto adviser David Sacks described Lummis as a great ally on crypto and said he was very sorry to see her step away.
Bitcoin advocate and Coin Stories host Natalie Brunell thanked Lummis for her service and for helping advance Bitcoin, and wished her well in her next chapter.
Industry says policy work continues after Lummis’ decision
Despite Lummis’ plan to step down, industry participants said legislative efforts are ongoing. Multicoin Capital managing partner Kyle Samani said the job is not finished and pointed to legislation targeted for 2026.
Lummis’ announcement followed comments from Sacks a day earlier that the U.S. Congress could act as soon as January on the US Clarity Act. On Thursday, he said the country is closer than ever to passing landmark crypto market structure legislation that President Trump has called for.
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