A Crypto Champion Steps Aside: What's Next for Digital Assets?

Senator Cynthia Lummis, a strong supporter of cryptocurrency, recently shared that she won't be running for reelection in 2026. This news has sparked a wave of reactions from the crypto community. Lummis has been a key figure in shaping crypto policies in the US, earning respect from many in the industry. People in the crypto world have been quick to praise Lummis for her work. Collin McCune, who leads government affairs at venture capital firm a16z, said that Lummis' efforts in Congress have been crucial for the growth of crypto. Greg Xethalis, a general partner at crypto investment firm Multicoin, noted that Lummis' unique background as a cattle rancher has helped her push for good policies. Lummis has been a vocal critic of Gary Gensler, the former SEC Chair, and his approach to regulating crypto. She has also been a big supporter of the Responsible Financial Innovation Act and the US Clarity Act, both of which aim to provide clearer regulations for digital assets.In her announcement, Lummis said she doesn't have the energy for another six years in office. She described herself as a sprinter in a marathon, indicating that the pace and demands of her role are no longer a good fit for her. Despite her decision to step down, many in the crypto community, including White House AI and crypto czar David Sacks, have expressed their support and admiration for her work. The crypto industry is not letting Lummis' departure slow them down. Kyle Samani, managing partner at Multicoin, said that there is still much work to be done, including passing important legislation in 2026. This comes after David Sacks mentioned that the US Congress could start working on the US Clarity Act as early as January.