Senator Cynthia Lummis, who is leading the effort to pass sweeping cryptocurrency legislation and codify strategic Bitcoin reserves, said she will not seek re-election.
The Wyoming Republican’s term is scheduled to end in January 2027. In a post to X on Friday, she said last fall took a toll.
“I am a devout member of parliament, but I feel like a sprinter running a marathon,” she said. “The energy requirements do not match.”
Lummis chairs the Senate Banking Committee’s Digital Assets Subcommittee and has spent the past several years at the center of congressional efforts to regulate the cryptocurrency industry. She worked closely with Senator Kirsten Gillibrand on comprehensive legislation designed to establish a regulatory framework for digital assets, including clarifying oversight responsibilities among agencies such as the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The Senate Banking Committee is divided between Democrats, Republicans, the cryptocurrency industry, and traditional finance Stakeholders. Now, that committee is expected to revise and pass the bill early next year, but it still needs to be combined with work being done in the Senate Agriculture Committee. A full Senate vote is then needed before it can be reconciled with the House version passed over the summer.
Beyond market structure, Lummis also pursued goals to: Cryptocurrency Tax Reformwith ending tHis changes included imposing double taxation on miners and stake holders and proposing a $300 trading threshold for tax exemption. Lummis also promoted: bill It is intended to solidify President Donald Trump’s strategic Bitcoin holdings into law.
Despite deciding not to run for re-election, Lummis is focused on bringing legislation to President Trump in 2026.
“I look forward to continuing this partnership and putting all our energies into getting important legislation to his desk in 2026 and maintaining common-sense Republican control of the United States Senate,” she said.
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