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The crypto community expresses its regret for Lummis not seeking re-election and acknowledges her contributions to the industry
BlockBeats News, December 21st, the crypto community expressed regret as crypto-friendly Senator Cynthia Lummis announced that she will not seek reelection next year, acknowledging her contributions to the crypto industry. White House AI and Crypto Czar David Sacks referred to Lummis as a "great ally of the crypto industry." a16z Head of Government Affairs Collin McCune stated that without Lummis's efforts in Congress, the crypto industry would not have developed to its current state. Bitcoin advocate and host of "Coin Stories" Greg Xethalis thanked Lummis for her service and her efforts to advance the Bitcoin cause, wishing her the best in her next chapter.
Cynthia Lummis had previously announced on Friday that she would not seek reelection next year. As the chair of the U.S. Senate Banking Committee's Subcommittee on Digital Assets, she introduced the "Bitcoin Reserve Strategy Act" and was also a key advocate for the "CLARITY Act" (Crypto Market Structure Act) and the "Financial Innovation Responsible for Select Tax" Act. During the Biden administration, Cynthia Lummis had openly criticized former SEC Chair Gary Gensler's punitive enforcement approach to cryptocurrency.
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