Cynthia Lummis: Over 4 million lost access to money in 2022 amid crypto bankruptcies

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Hanna Syniavska

18.07.2026

Cynthia Lummis: Over 4 million lost access to money in 2022 amid crypto bankruptcies — Millions impacted by crypto bankruptcy delays

Cynthia Lummis, U.S. Senator at U.S. Senate, highlighted that more than 4 million people lost access to their money in 2022, with thousands still navigating bankruptcy claims.

She stated that Congress spent years debating the future of crypto while consumers were left waiting in bankruptcy court, pointing to the Clarity Act as a way to end the prolonged delays.

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Lummis has previously called for transparency after the collapse of Silicon Valley Bank, urging full Federal Reserve cooperation in the investigation. She has also described digital assets as a sign that the tradition of innovation established by the Founding Fathers continues in the U.S. economy, according to a prior statement. The senator has remained vocal on issues affecting both traditional and digital finance.

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