President Trump

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The crypto industry has rallied in support of pro-crypto US Senator Cynthia Lummis after she announced she will not seek reelection in 2026.&nbsp;
Lummis, who is a vocal advocate for digital assets, played a significant role in US crypto policy discussions over the past few years and earned widespread respect across the crypto industry.
Venture capital firm a16z head of government affairs, Collin McCune, <a href="https://x.com/Collin_McCune/status/2002150422702633441?s=20" rel="noopener noreferrer nofollow">said</a> in an X post on Friday that “crypto would not be where it is today without her fight in the Congress.”&nbsp;
<h2 id="lummis-was-a-great-ally-on-crypto-says-david-sacks">Lummis was a “great ally on crypto,” says David Sacks</h2>
Echoing a similar sentiment, crypto investment firm Multicoin general partner, Greg Xethalis, <a href="https://x.com/xethalis/status/2002150786521092128?s=20" rel="noopener noreferrer nofollow">said</a>, “Her priorities have advanced so far because sometimes it takes a cattle rancher like Sen Lummis to drive good policy.”
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 Source: <a href="https://x.com/JaysonBrowder/status/2002197395896218077?s=20" rel="noopener noreferrer nofollow">Jayson Browder</a>
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Lummis was a vocal critic of former SEC Chair Gary Gensler’s regulation-by-enforcement approach to crypto during the Joe Biden administration and was a major advocate for the proposals of the Responsible Financial Innovation Act and the ongoing US Clarity Act, both aimed at providing greater regulatory clarity for digital assets.
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 Source: <a href="https://x.com/CynthiaMLummis/status/2002116715845665055?s=20" rel="noopener noreferrer nofollow">Cynthia Lummis</a>
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In her announcement on Friday, which has amassed almost 1 million views on X, Lummis <a href="https://x.com/CynthiaMLummis/status/2002116715845665055?s=20" rel="noopener noreferrer nofollow">said</a> she does not have “six more years” in her. “I am a devout legislator, but I feel like a sprinter in a marathon. The energy required doesn’t match up,” she said.
Support for Lummis also came from within the White House. White House AI and crypto czar, David Sacks, <a href="https://x.com/DavidSacks/status/2002144797914771485?s=20" rel="noopener noreferrer nofollow">described</a> Lummis as “a great ally on crypto,” adding that he was “very sorry to see her go.”
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 Source: <a href="https://x.com/matthew_sigel/status/2002167693596922200?s=20" rel="noopener noreferrer nofollow">Matthew Sigel</a>
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Bitcoin advocate and Coin Stories host Natalie Brunell also paid tribute, <a href="https://x.com/natbrunell/status/2002196795896602947?s=20" rel="noopener noreferrer nofollow">thanking</a> Lummis for her “service and for helping move the Bitcoin cause forward.” “Wishing you a wonderful next chapter,” Brunnell said.
<h2 id="crypto-vc-says-jobs-not-done-after-lummis-announcement">Crypto VC says “jobs not done” after Lummis’ announcement</h2>
Despite Lummis’ decision to step down, industry participants say policy efforts are far from over. Multicoin managing partner Kyle Samani <a href="https://x.com/KyleSamani/status/2002280229146853389?s=20" rel="noopener noreferrer nofollow">said</a>, “Jobs not done. We have legislation to pass in 2026.”
Related: <a href="https://cointelegraph.com/news/us-senate-confirms-crypto-friendly-cftc-fdic-chairs" rel="noopener noreferrer nofollow">US Senate confirms pro-crypto Selig to lead CFTC, Hill to head FDIC</a>
Lummis’ announcement came a day after Sacks <a href="https://cointelegraph.com/news/white-house-david-sacks-crypto-clarity-act-senate-january" rel="noopener noreferrer nofollow">said the US Congress</a> could move as early as January on the highly-anticipated US Clarity Act.
”We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for,” Sacks said on Thursday.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-price-critical-level-ether-price-surge-chances-speculation-trade-secrets/" rel="noopener noreferrer nofollow">Bitcoin’s critical level is $82.5K, Ethereum ‘not done yet’: Trade Secrets</a>

Crypto community ‘very sorry’ over Senator Lummis' reelection decision

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