Based on Bijié Wǎng, U.S. Republican Senator Cynthia Lummis, a key advocate for the cryptocurrency industry in Congress, announced on Friday that she will not seek re-election when her term ends in 2026. Lummis, known as the 'Bitcoin Senator,' played a pivotal role in advancing the first major U.S. crypto legislation, the GEM Act, which established a federal framework for stablecoin issuance and trading. She also led efforts on the broader Market Structure Bill, which aims to legalize most U.S. crypto activities but has yet to pass due to internal industry disputes and legislative delays. Lummis emphasized the importance of Bitcoin in her advocacy, having proposed a bill to require the U.S. government to purchase $80 billion worth of Bitcoin over five years. Following her announcement, industry leaders praised her contributions to the digital asset ecosystem.
U.S. Senator Cynthia Lummis Announces She Will Not Seek Re-election in 2026
币界网Share
Summary
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.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.