Lummis Touts 'One Big Beautiful Bill' and Digital Assets in Address to Wyoming Lawmakers

Senator announces Kraken cryptocurrency exchange will contribute to 'Trump Accounts' for Wyoming babies born in 2026.

Published on Feb. 17, 2026

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In her final address to the Wyoming Legislature as a sitting member of Congress, U.S. Sen. Cynthia Lummis touted her work advancing Wyoming priorities in Washington, D.C., including the 'One Big Beautiful Bill Act', digital assets and data centers, and a presidential pardon for a Wyomingite. Lummis also announced that Kraken, a cryptocurrency exchange that is relocating to Cheyenne, will make financial contributions to the 'Trump Accounts' for Wyoming children born in 2026.

Why it matters

Lummis has been a prominent figure in Wyoming politics for decades, serving in the state legislature and as state treasurer before being elected to the U.S. House and Senate. Her farewell address highlights key policy initiatives she has championed, including tax cuts, cryptocurrency, and data centers - all of which could have significant impacts on Wyoming's economy and residents, especially younger generations.

The details

The 'One Big Beautiful Bill Act' reduces taxes on tips and overtime, increases the child tax credit, and creates 'Trump Accounts' - government-funded retirement accounts for children born between 2025-2028. Lummis announced that Kraken, a cryptocurrency exchange relocating to Cheyenne, will contribute to the 'Trump Accounts' for Wyoming babies born in 2026. Lummis also touted her work to attract artificial intelligence and data center companies to Wyoming, which she says has a surplus of energy production. Additionally, Lummis pushed for a presidential pardon for a Wyoming diesel mechanic imprisoned for violating the Clean Air Act.

  • Lummis first served in the Wyoming House of Representatives from 1979 to 1983.
  • She served in the Wyoming House again from 1985 to 1993, and in the Wyoming Senate from 1993 to 1995.
  • Lummis was Wyoming state treasurer from 1999 to 2007.
  • She served in Wyoming's U.S. House seat from 2009 to 2017.
  • Lummis was elected to the U.S. Senate in 2020, becoming the first Wyoming woman to hold that office.

The players

Cynthia Lummis

A longtime Wyoming politician who has served in the state legislature, as state treasurer, and is currently a U.S. Senator, the first woman from Wyoming to hold that office.

John Barrasso

Lummis' fellow U.S. Senator from Wyoming.

Troy Lake

A Wyoming diesel mechanic who was pardoned by President Trump after being imprisoned for violating the Clean Air Act.

Kraken

A cryptocurrency exchange that is relocating its headquarters to Cheyenne, Wyoming.

Donald Trump

The former President of the United States who pardoned Troy Lake.

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What they’re saying

“I hope that we have provided you with a footprint and a foot pad to go forward, so the jobs we've worked so hard to create can just grow for Wyoming.”

— Cynthia Lummis, U.S. Senator (wyofile.com)

What’s next

Lummis said she is working with Troy Lake to push for reforms to Environmental Protection Agency regulations that will protect air quality while ensuring vehicles still function well in cold weather states like Wyoming.

The takeaway

Lummis' farewell address highlights her long-standing commitment to Wyoming, from her early days in state politics to her current role in the U.S. Senate. Her focus on initiatives like the 'One Big Beautiful Bill', digital assets, and data centers suggests she has worked to position Wyoming for economic growth and to retain its young people - a key priority for the state.