Regulation in Flux: Russia Expands Crypto Access as US Loses Bitcoin Champion Lummis

Two Countries, Two Opposing Developments

Contrasting movements are emerging in the global crypto regulatory landscape: While Russia is expanding its cryptocurrency regulation and enabling access for more investors, the Bitcoin community in the United States is losing one of its most prominent political advocates.

Russia Opens Up Further to Cryptocurrencies

Since international sanctions were imposed on Russia following the war against Ukraine, the country has increasingly opened up to cryptocurrencies ^[1]. In 2024, the use of cryptocurrencies in international trade as well as mining were legalized ^[1].

Now the Russian central bank is proposing revised crypto regulation for domestic use ^[1]. The proposals emphasize that cryptocurrencies—including stablecoins—are classified as high-risk investment products, yet are considered assets rather than means of payment ^[1].

Tiered Access Options for Investors

The central bank's proposals envision a differentiated system: Qualified investors may trade all cryptocurrencies—except anonymous coins—without transaction volume limits ^[1]. Non-qualified investors, however, may only purchase certain liquid cryptocurrencies and are subject to an annual limit of 300,000 rubles per intermediary ^[1]. All investors must complete a risk assessment before trading ^[1].

Farewell to Senator Lummis in the USA

On the other side of the Atlantic, the crypto community is bidding farewell to one of its most important voices: Cynthia Lummis, US Senator from Wyoming, announced just days ago that she will not seek re-election in 2026 ^[2].

The 71-year-old had been one of the first politicians in recent years to vigorously advocate for the sector and more transparent regulation—but especially for Bitcoin ^[2]. The Lummis plan, named after her, proposes that the US purchase one million BTC within five years and hold them long-term ^[2].

Industry Gratitude

Various crypto industry representatives are expressing their solidarity with the popular Republican ^[2]. "Thank you for your service, Senator," writes VanEck ^[2]. Natalie Brunell, host of Coin Stories, thanked her for her commitment and for "helping to advance the idea of Bitcoin" ^[2]. Jayson Browder of MARA Holdings added: "I wish this weren't true—you are one of the very best" ^[2].

Opposing Developments with Symbolic Impact

While Russia strategically expands and systematizes its regulatory framework for cryptocurrencies, the Bitcoin community in the US is losing a pioneer who particularly championed the promotion of Bitcoin and other cryptocurrencies ^[2]. Lummis had also fought for clear regulation of cryptocurrencies to strengthen the industry and protect consumers ^[2].

The crypto community will remember Cynthia Lummis for her advocacy for the crypto sector and her vision for more transparent regulation ^[2].