Lummis Proposes Bitcoin Act to Address U.S. Debt, Aiming for New Financial Paradigm

Senator Cynthia Lummis has introduced legislation proposing a Strategic Bitcoin Reserve in an effort to tackle the US national debt. With a staggering $36 trillion debt as of May 2025, Senator Lummis believes integrating cryptocurrency could be a transformative move. Her BITCOIN Act seeks to manage national debt by acquiring a significant Bitcoin reserve, with the Treasury aiming to buy one million Bitcoin over five years.