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U.S. Senator Cynthia Lummis Announces She Will Not Seek Re-election in 2026

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U.S. Senator Cynthia Lummis, a leading voice for crypto in Congress, announced she will not seek re-election in 2026. Lummis, known as the 'Bitcoin Senator,' championed the GEM Act, which laid out a federal framework for stablecoins. She also worked on the Market Structure Bill, which aims to legalize most U.S. crypto activities. Lummis supported a bill to have the government buy $80 billion in Bitcoin over five years. Her departure comes as global regulators, including those focusing on EU Markets in Crypto-Assets Regulation, continue to shape the industry. Industry figures praised her work, especially her focus on Bitcoin and efforts to align with standards for Countering the Financing of Terrorism.
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