The post ‘Bitcoin Senator’ Cynthia Lummis won’t seek reelection, leaving key crypto ally Congress seat open appeared on BitcoinEthereumNews.com. Sen. Cynthia LummisThe post ‘Bitcoin Senator’ Cynthia Lummis won’t seek reelection, leaving key crypto ally Congress seat open appeared on BitcoinEthereumNews.com. Sen. Cynthia Lummis

‘Bitcoin Senator’ Cynthia Lummis won’t seek reelection, leaving key crypto ally Congress seat open

Sen. Cynthia Lummis is walking away from Washington after one term, and yeah, that is a big deal for anyone who cares about crypto, tech, AI, or just anything tied to Wyoming’s odd power in the Senate.

In a statement released by her office on Friday, Cynthia said she will retire when her term ends in early 2027. She tied the choice to the heavy workload during the shutdown fight and said the long grind no longer matches her energy level.

Cynthia said, “Deciding not to run for re-election does represent a change of heart for me,” and added that the intense session this fall made her accept that she does not “have six more years” in her.

She also said she felt like a “sprinter in a marathon,” and the energy for another full term “doesn’t match up.”

Lummis came to the Senate in 2020 after years in the House. She sits on the Banking Committee, and many in the crypto world know her for pushing a light federal hand on digital assets.

She once sat with the House Freedom Caucus and stuck with a tight fiscal line in the Senate, always pressing for cuts to federal spending. She was also one of the GOP senators whose phone records were taken during special counsel Jack Smith’s investigation of the Jan. 6 attack by Trump supporters. Her seat remains a safe one for Republicans, so the party will not be sweating the odds in 2026.

Cynthia Lummis is crypto’s biggest ever ally in US Congress

During her time in office, Cynthia pushed several major tech bills. She worked on crypto rules and took a lead role in early discussions on artificial intelligence oversight.

This year she introduced a bill that would protect AI companies from certain liability cases as long as they met specific disclosure rules.

Cynthia also shared her concerns when President Trump met privately with investors involved in his $TRUMP meme token project. She wanted more clarity around that meeting and joined other GOP senators in bringing it up inside the party.

Sen. John Barrasso, R-Wyo., said, “Cynthia is a straight shooter and a trailblazer,” and pointed to her energy inside the Senate. Alex Latcham, a senior figure at the Senate Leadership Fund, also weighed in and said she “will be missed.”

Barrasso thanked her for her work for Wyoming and said her record as a conservative is solid. He linked her time in office to digital currency progress and energy policy, saying she helped push the United States into a leadership role in those areas.

Who will take over from Lummis?

With Cynthia leaving her seat open, Wyoming Republicans are already lining up. The state leans deep red. Trump won it by over 45 points in 2024, and Cynthia won her own 2020 race by over 46 points. Whoever wins the GOP primary will almost certainly win the general.

Two sources allegedly told NBC News that Rep. Harriet Hageman is likely to run. Hageman is 63 and knocked out former Rep. Liz Cheney in the 2022 primary. Her advisor, Tim Murtaugh, said Hageman will “have an announcement next week,” hinting that she is ready to move toward the Senate.

Hageman also spoke about Cynthia’s time in office, saying:

She added that Cynthia made sure lawmakers understood how decisions in Washington landed on people in the West. She also said, “There can be no question that the people of Wyoming are better off for having had Cynthia Lummis on their side.”

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Source: https://www.cryptopolitan.com/sen-cynthia-lummis-wont-seek-reelection/

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The Role of Blockchain in Building Safer Web3 Gaming Ecosystems

The Role of Blockchain in Building Safer Web3 Gaming Ecosystems

The gaming industry is in the midst of a historic shift, driven by the rise of Web3. Unlike traditional games, where developers and publishers control assets and dictate in-game economies, Web3 gaming empowers players with ownership and influence. Built on blockchain technology, these ecosystems are decentralized by design, enabling true digital asset ownership, transparent economies, and a future where players help shape the games they play. However, as Web3 gaming grows, security becomes a focal point. The range of security concerns, from hacking to asset theft to vulnerabilities in smart contracts, is a significant issue that will undermine or erode trust in this ecosystem, limiting or stopping adoption. Blockchain technology could be used to create security processes around secure, transparent, and fair Web3 gaming ecosystems. We will explore how security is increasing within gaming ecosystems, which challenges are being overcome, and what the future of security looks like. Why is Security Important in Web3 Gaming? Web3 gaming differs from traditional gaming in that players engage with both the game and assets with real value attached. Players own in-game assets that exist as tokens or NFTs (Non-Fungible Tokens), and can trade and sell them. These game assets usually represent significant financial value, meaning security failure could represent real monetary loss. In essence, without security, the promises of owning “something” in Web3, decentralized economies within games, and all that comes with the term “fair” gameplay can easily be eroded by fraud, hacking, and exploitation. This is precisely why the uniqueness of blockchain should be emphasized in securing Web3 gaming. How Blockchain Ensures Security in Web3 Gaming?
  1. Immutable Ownership of Assets Blockchain records can be manipulated by anyone. If a player owns a sword, skin, or plot of land as an NFT, it is verifiably in their ownership, and it cannot be altered or deleted by the developer or even hacked. This has created a proven track record of ownership, providing control back to the players, unlike any centralised gaming platform where assets can be revoked.
  2. Decentralized Infrastructure Blockchain networks also have a distributed architecture where game data is stored in a worldwide network of nodes, making them much less susceptible to centralised points of failure and attacks. This decentralised approach makes it exponentially more difficult to hijack systems or even shut off the game’s economy.
  3. Secure Transactions with Cryptography Whether a player buys an NFT or trades their in-game tokens for other items or tokens, the transactions are enforced by cryptographic algorithms, ensuring secure, verifiable, and irreversible transactions and eliminating the risks of double-spending or fraudulent trades.
  4. Smart Contract Automation Smart contracts automate the enforcement of game rules and players’ economic exchanges for the developer, eliminating the need for intermediaries or middlemen, and trust for the developer. For example, if a player completes a quest that promises a reward, the smart contract will execute and distribute what was promised.
  5. Anti-Cheating and Fair Gameplay The naturally transparent nature of blockchain makes it extremely simple for anyone to examine a specific instance of gameplay and verify the economic outcomes from that play. Furthermore, multi-player games that enforce smart contracts on things like loot sharing or win sharing can automate and measure trustlessness and avoid cheating, manipulations, and fraud by developers.
  6. Cross-Platform Security Many Web3 games feature asset interoperability across platforms. This interoperability is made viable by blockchain, which guarantees ownership is maintained whenever assets transition from one game or marketplace to another, thereby offering protection to players who rely on transfers for security against fraud. Key Security Dangers in Web3 Gaming Although blockchain provides sound first principles of security, the Web3 gaming ecosystem is susceptible to threats. Some of the most serious threats include:
Smart Contract Vulnerabilities: Smart contracts that are poorly written or lack auditing will leave openings for exploitation and thereby result in asset loss. Phishing Attacks: Unintentionally exposing or revealing private keys or signing transactions that are not possible to reverse, under the assumption they were genuine transaction requests. Bridge Hacks: Cross-chain bridges, which allow players to move their assets between their respective blockchains, continually face hacks, requiring vigilance from players and developers. Scams and Rug Pulls: Rug pulls occur when a game project raises money and leaves, leaving player assets worthless. Regulatory Ambiguity: Global regulations remain unclear; risks exist for players and developers alike. While blockchain alone won’t resolve every issue, it remediates the responsibility of the first principles, more so when joined by processes such as auditing, education, and the right governance, which can improve their contribution to the security landscapes in game ecosystems. Real Life Examples of Blockchain Security in Web3 Gaming Axie Infinity (Ronin Hack): The Axie Infinity game and several projects suffered one of the biggest hacks thus far on its Ronin bridge; however, it demonstrated the effectiveness of multi-sig security and the effective utilization of decentralization. The industry benefited through learning and reflection, thus, as projects have implemented changes to reduce the risks of future hacks or misappropriation. Immutable X: This Ethereum scaling solution aims to ensure secure NFT transactions for gaming, allowing players to trade an asset without the burden of exorbitant fees and fears of being a victim of fraud. Enjin: Enjin is providing a trusted infrastructure for Web3 games, offering secure NFT creation and transfer while reiterating that ownership and an asset securely belong to the player. These examples indubitably illustrate that despite challenges to overcome, blockchain remains the foundational layer on which to build more secure Web3 gaming environments. Benefits of Blockchain Security for Players and Developers For Players: Confidence in true ownership of assets Transparency in in-game economies Protection against nefarious trades/scams For Developers: More trust between players and the platform Less reliance on centralized infrastructure Ability to attract wealth and players based on provable fairness By incorporating blockchain security within the mechanics of game design, developers can create and enforce resilient ecosystems where players feel reassured in investing time, money, and ownership within virtual worlds. The Future of Secure Web3 Gaming Ecosystems As the wisdom of blockchain technology and industry knowledge improves, the future for secure Web3 gaming looks bright. New growing trends include: Zero-Knowledge Proofs (ZKPs): A new wave of protocols that enable private transactions and secure smart contracts while managing user privacy with an element of transparency. Decentralized Identity Solutions (DID): Helping players control their identities and decrease account theft risks. AI-Enhanced Security: Identifying irregularities in user interactions by sampling pattern anomalies to avert hacks and fraud by time-stamping critical events. Interoperable Security Standards: Allowing secured and seamless asset transfers across blockchains and games. With these innovations, blockchain will not only secure gaming assets but also enhance the overall trust and longevity of Web3 gaming ecosystems. Conclusion Blockchain is more than a buzzword in Web3; it is the only way to host security, fairness, and transparency. With blockchain, players confirm immutable ownership of digital assets, there is a decentralized infrastructure, and finally, it supports smart contracts to automate code that protects players and developers from the challenges of digital economies. The threats, vulnerabilities, and scams that come from smart contracts still persist, but the industry is maturing with better security practices, cross-chain solutions, and increased formal cryptographic tools. In the coming years, blockchain will remain the base to digital economies and drive Web3 gaming environments that allow players to safely own, trade, and enjoy their digital experiences free from fraud and exploitation. While blockchain and gaming alone entertain, we will usher in an era of secure digital worlds where trust complements innovation. The Role of Blockchain in Building Safer Web3 Gaming Ecosystems was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story
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