U.S. Senator Lummis: Bitcoin Law Is the Only Solution to the $36 Trillion Debt

U.S. Senator Lummis: Bitcoin Law Is the Only Solution to the $36 Trillion Debt

As the United States’ national debt surpasses $36 trillion, Senator Cynthia Lummis has proposed a striking solution to address this massive economic issue: the Bitcoin Act. According to Lummis, simply passing this bill would be enough to solve the country’s debt problem.

Introduced to Congress in March 2025 by Senator Lummis and Representative Nick Begich, the Bitcoin Act proposes that the U.S. Department of the Treasury purchase 200,000 Bitcoins per year over the next five years, building a strategic reserve of 1 million BTC in total. This move aims to strengthen the U.S.'s leadership in digital assets and diversify its financial reserves.

Full Support from Trump

U.S. President Donald Trump publicly endorsed this initiative.With an executive order signed in March, he paved the way for the Strategic Bitcoin Reserve plan.Trump proposed that the reserve be funded using Bitcoins seized from criminal proceeds, aiming to build a digital asset reserve without burdening taxpayers.Trump’s statement was noteworthy:"With this step, America can become the crypto capital."

National Reserve Plan with Bitcoin

At the heart of the plan are Bitcoin’s characteristics of limited supply and decentralization.Lummis argues that these features could help protect the U.S. against inflation and provide an alternative solution to the national debt crisis.

A reserve of 1 million BTC would account for approximately 5% of Bitcoin’s total supply.Such a large-scale purchase could have strong effects on the market, both in terms of price and perception.

The Bitcoin Act is a radical proposal aimed not only at reducing the U.S. debt burden but also at initiating an innovative transformation in the financial system.Senator Lummis’s proposal shows that digital assets have now moved to the center of global economic policy.The fate of this proposal will depend on its implementation processpolitical support, and market reactions.

#bitcoin#Senator Lummis#law#staggering#$36 trillion
CalendarPublish Date
3 May 2025
CategoryCategory
Reading timeReading Time
1 Minutes
AuthorAuthor Name
JrKripto
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