The post Sen. Cynthia Lummis, Crypto’s Closest Ally In Congress, Says She Will Not Run For Re-Election ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. AdvertisementThe post Sen. Cynthia Lummis, Crypto’s Closest Ally In Congress, Says She Will Not Run For Re-Election ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement

Sen. Cynthia Lummis, Crypto’s Closest Ally In Congress, Says She Will Not Run For Re-Election ⋆ ZyCrypto

Advertisement

Sen. Cynthia Lummis (R-WY), one of the crypto industry’s most vocal and powerful allies on Capitol Hill, announced Friday that she will not run for reelection when her term expires next year.

Lummis To Exit Senate After Her First Term

Cynthia Lummis was elected to a six-year term and took office in January 2021, swiftly proving herself to be a dedicated advocate for blockchain and Bitcoin causes, who later aligned with US President Donald Trump’s pro-crypto agenda. She will call it quits once her term ends in January 2027, removing a major ally for the crypto industry. 

“Deciding not to run for reelection does represent a change of heart for me, but in the difficult, exhausting session weeks this fall I’ve come to accept that I do not have six more years in me,” Lummis said in a statement. “I am a devout legislator, but I feel like a sprinter in a marathon. The energy required doesn’t match up.”

Lummis has been the inaugural chair of the first subcommittee committed to crypto matters at the U.S. Banking Committee, where she was instrumental to the passage of the GENIUS Act, a landmark stablecoin framework designed to protect consumers, support innovation, and reinforce the dollar’s global leadership.

Lummis has also collaborated with Sen. Kirsten Gillibrand on comprehensive legislation seeking to establish a regulatory framework for digital assets, including clarifying oversight responsibilities between agencies such as the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC).

Advertisement

 

Additionally, Lummis has introduced a bill to cement President Donald Trump’s strategic Bitcoin reserve into law. The Bitcoin Act mandates the government to acquire up to 1 million in Bitcoin over five years to establish a federal strategic Bitcoin reserve that will help reduce the national debt of the United States.

Despite the planned departure, she is focused on bringing more bills to the president’s desk in 2026.

“I look forward to continuing this partnership and throwing all my energy into bringing important legislation to his desk in 2026 and into retaining commonsense Republican control of the U.S. Senate,” she posited.

Crypto advocates promptly reacted to the Wyoming Senator’s Friday announcement.

“Senator Lummis has been a leading champion for digital assets in Washington,” Ji Kim, CEO of the Crypto Council for Innovation, stated in a statement. “Her deep understanding and conviction have helped elevate digital assets policy and strengthen U.S. innovation and leadership.”

Source: https://zycrypto.com/sen-cynthia-lummis-cryptos-closest-ally-in-congress-says-she-will-not-run-for-re-election/

Market Opportunity
Sentio Protocol Logo
Sentio Protocol Price(SEN)
$0.004169
$0.004169$0.004169
-0.85%
USD
Sentio Protocol (SEN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Japanese Yen rises on safe-haven demand and intervention concerns

Japanese Yen rises on safe-haven demand and intervention concerns

The post Japanese Yen rises on safe-haven demand and intervention concerns appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) attracts some buyers at the
Share
BitcoinEthereumNews2025/12/22 11:49
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01
Hong Kong proposes law allowing insurers to invest in crypto

Hong Kong proposes law allowing insurers to invest in crypto

The post Hong Kong proposes law allowing insurers to invest in crypto appeared on BitcoinEthereumNews.com. Hong Kong is weighing a cautious shift that could open
Share
BitcoinEthereumNews2025/12/22 12:42