The encryption community strongly supports Senator Lummis: The key driver behind promoting Bitcoin as a strategic reserve and the CLARITY Act is about to resign.

The American encryption community recently expressed regret over a significant piece of news - crypto-friendly Senator Cynthia Lummis announced that she will not seek re-election next year.

From the industry's response, it is clear how important Lummis's role is in advancing cryptocurrency policy. David Sacks, the White House AI and cryptocurrency affairs director, candidly referred to her as a “great ally in the cryptocurrency space.” Collin McCune, head of government affairs at the renowned venture capital firm a16z, even admitted that without Lummis's tireless efforts in Congress, the cryptocurrency industry would not have developed to its current level. Bitcoin evangelist Greg Xethalis also expressed gratitude for her service and congratulated her on starting a new chapter in her life.

Why has this senator received such widespread recognition in the industry? It mainly stems from her substantive push on key policies. As the chair of the U.S. Senate Banking Subcommittee on Digital Assets, Lummis has led the introduction of the Bitcoin Strategic Reserve Act, which has garnered considerable attention in the encryption community. At the same time, she is also a key advocate for the CLARITY Act (aimed at clarifying the structure of the encryption market) and the Responsible Financial Innovation Act. The common feature of these bills is their attempt to find a balance between regulation and innovation.

It is worth mentioning that during the Biden administration, Lummis publicly criticized the severe enforcement attitude towards encryption currency taken by former Chairman of the U.S. Securities and Exchange Commission, Gary Gensler. This position was not easy at the time, but it is precisely for this reason that she earned the trust and respect of the industry.