Senator Cynthia Lummis (R-WY) announced she will not seek re-election in 2024—news met with widespread gratitude from the crypto industry for her pivotal role as a legislative champion.

Key figures quickly acknowledged her impact. David Sacks, the White House's Director for AI and Crypto Affairs, called Lummis a "great ally in the crypto space." Collin McCune, Head of Government Affairs at Andreessen Horowitz (a16z), stated, "The crypto industry would not be where it is today without Senator Lummis’s tireless work in Congress."

As Chair of the Senate Banking Subcommittee on Digital Assets, Lummis was the architect of critical legislation, including the Responsible Financial Innovation Act—a bipartisan framework to clarify roles for the CFTC and SEC and the Bitcoin Strategic Reserve Act. She was also a key proponent of the CLARITY Act, aimed at establishing clear rules for market structure.

Throughout the Biden administration, she served as a leading voice for sensible regulation, openly criticizing the SEC’s "regulation by enforcement" approach under former Chairman Gary Gensler. Bitcoin advocate Greg Xethalis thanked her for "advancing the cause of Bitcoin and sound money."

Her departure creates a significant void in Congress, placing a spotlight on the need for new champions to continue building the regulatory clarity she tirelessly advocated for.#TrumpTariffs