Sen. Cynthia Lummis (R-Wyo.), a vocal cryptocurrency and Bitcoin (CRYPTO: BTC) advocate, introduced on Friday that she is not going to be searching for reelection subsequent yr.
‘A Sprinter In A Marathon’
In an announcement launched after the Senate adjourned for the vacation break, Lummis mentioned, “Deciding to not run for reelection does signify a change of coronary heart for me, however within the tough, exhausting session weeks this fall, I’ve come to simply accept that I shouldn’t have six extra years in me.”
Lummis added that she felt like a “sprinter in a marathon” and that the vitality required doesn’t match up.
The senior Republican mentioned it was an “honor” to signify Wyoming within the higher chamber and in addition acknowledged the “assist” of President Donald Trump all through her tenure.
Crypto Executives Thank Lummis
Business leaders expressed gratitude to Lummis for her assist. Cardano (CRYPTO: ADA) co-founder Charles Hoskinson mentioned it was a “nice honor and plenty of enjoyable” working with Lummis.
Emilie Choi, president and COO of Coinbase, described Lummis as a “legend” and thanked her for “superb” service.
See Additionally: Elizabeth Warren Wants Crypto Investigation, But Coinbase Execs Meet Tim Scott To Negotiate Market Structure Bill
Lummis’ Crypto Credentials
Lummis was elected to the Senate within the 2020 elections, changing into the primary girl to signify Wyoming within the higher chamber of Congress.
Lummis’ tenure has been outlined by her advocacy for Bitcoin, stablecoins and different blockchain applied sciences. She has additionally pushed to determine clear regulatory frameworks for the trade within the U.S.
She proposed a bill buying 1 million BTC over 5 years, with a 20-year holding interval, leveraging Federal Reserve remittances and different monetary instruments, with out counting on taxpayer funding.
Lummis has additionally performed a major position within the Senate’s crypto market-structure bill, trying to construct a bipartisan consensus on the identical.
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Disclaimer: This content material was partially produced with the assistance of Benzinga Neuro and was reviewed and printed by Benzinga editors.
