Senator Lumis will not seek re-election after his term ends in January next year.

PANews December 20 News, according to The Block, Republican Senator Cynthia Lummis’s term will end in January 2027, but she has stated she will not seek re-election. She posted on X platform on Friday that the series of upheavals last fall left her physically and mentally exhausted. Senator Lummis is the chair of the Senate Banking Committee’s Digital Assets Subcommittee, and over the past few years, she has actively participated in various efforts to regulate the cryptocurrency industry in Congress. She has worked closely with Kirsten Gillibrand, a Democratic senator from New York, to advance comprehensive legislation aimed at establishing a regulatory framework for digital assets, including clarifying regulatory responsibilities among agencies such as the Securities and Exchange Commission and the Commodity Futures Trading Commission. After multiple meetings, the Senate Banking Committee has been actively pushing this legislation, with participants including Democrats, Republicans, representatives from the cryptocurrency industry, and stakeholders from traditional finance. The current goal is to revise and pass the bill through committee review early next year, but it still needs to be integrated with the work ongoing in the Senate Agriculture Committee. Afterwards, the bill will require a full Senate vote and coordination with the version passed by the House of Representatives in the summer.