COINOTAG News reports that U.S. Senator Cynthia Lummis will not seek reelection, with her term concluding in January 2027. In her capacity as Chair of the Senate Banking Committee’s Digital Assets Subcommittee, she has actively steered cryptocurrency policy and regulatory work within Congress to clarify oversight and reduce policy uncertainty.
Collaborating with Senator Kirsten Gillibrand, she has championed a comprehensive regulatory framework for digital assets, aimed at clarifying the roles of the SEC and CFTC among other agencies. The legislation is advancing in the Senate Banking Committee and the Agriculture Committee, and will progress toward a full Senate vote.
If enacted, the measure would require reconciliation with the House version and set the stage for clearer market oversight, risk management, and compliance protocols for participants in the cryptocurrency market.
Source: https://en.coinotag.com/breakingnews/cynthia-lummis-to-step-down-in-2027-as-u-s-senate-advances-digital-assets-regulation-clarifying-sec-and-cftc-roles
