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Crypto laments loss of key ally on Capitol Hill after Lummis announces retirement
The cryptocurrency industry is mourning the loss of its fiercest advocate on Capitol Hill after Sen. Cynthia Lummis announced Friday she would not seek reelection. Lummis, R-Wyo., said last week that the “difficult, exhausting” final weeks of this year’s Congress led her to withdraw her reelection bid, saying she’s “come to accept that I do not have six more years in me.” Lummis is chair of the Senate Banking Committee’s crypto subpanel and a reliable ally for the industry — helping muscle through the Genius Act, a first-of-its-kind bill regulating stablecoins, in July. She is currently negotiating ... (full story)
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