Sen. Cynthia Loomis — a key force behind efforts to pass clean cryptocurrency legislation and codify the Strategic Bitcoin Reserve — said she would not seek re-election.
The Wyoming Republican’s term expires in January 2027. In a post on X on Friday, he said this past fall had taken a toll.
“I’m a devout legislator, but I feel like a sprinter in a marathon,” he said. “The required energy is not matched.”
Loomis chairs the Senate Banking Committee’s Digital Assets Subcommittee and has spent the past several years at the center of congressional efforts to regulate the crypto industry. He has worked with Sen. Christine Gillibrand, DNY, on comprehensive legislation designed to establish a regulatory framework for digital assets, including clarifying oversight responsibilities between agencies such as the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The Senate Banking Committee is advancing the legislation after several meetings, including Democrats, Republicans, the crypto industry, and Traditional finance Stakeholders. Sites are now set for early next year to amend and pass the bill out of that committee, but it will still need to work in conjunction with work in the Senate Agriculture Committee. After that, it will need a full Senate vote before being reconciled with the House version that passes this summer.
Beyond market structure, touch has also advanced Crypto tax reformincluding the ending tThey double-taxed miners and stackers, and pushed the $300 transaction threshold to be exempt from taxes, among other changes. Loomis has also pushed for one Bill To cement President Donald Trump’s strategic bitcoin reserve into law.
Despite her decision to run for re-election, Loomis is focused on getting the bill to Trump’s desk in 2026.
“I look forward to continuing this partnership and putting all of my energy into getting important legislation across his desk in 2026 and maintaining commonsense Republican control of the U.S. Senate,” he said.
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