In a strong tackle on Capitol Hill right now, Senator Cynthia Lummis made her stance clear: the US is out of time—and out of conventional choices. “The BITCOIN Act is the one answer to our nation’s $36T debt,” she mentioned, whereas mentioning she has President Donald Trump’s help for her initiative. “I’m grateful for a forward-thinking president who not solely acknowledges this, however acts on it.”
If enacted into legislation, the BITCOIN Act would see the U.S. buy 200,000 bitcoin per yr for 5 years—making a 1,000,000 BTC reserve held for not less than 20 years.
Lummis laid out three paths for America: collapse underneath a default, spiral into hyperinflation, or use Bitcoin and expertise to climb out. Her cash is on crypto. She believes Bitcoin’s mounted provide makes it able to restoring long-term financial self-discipline. “The system is constructed on belief. If we don’t pay again what we owe, that belief disappears,” she mentioned. “We’d hit one thing worse than the Nice Despair.”
Inflation, she warned, will devastate working Individuals if cash printing continues. “We’re speaking Zimbabwe, Weimar Republic ranges,” Lummis mentioned. “Every thing turns into unaffordable. That’s not a future I need Individuals to face.”
Lummis is providing a deflationary various. “Know-how boosts productiveness and cuts prices. It provides us room to develop quicker than our debt,” she defined, pointing to AI, robots, and crypto because the instruments wanted to show the economic system round. “They’re the one actual weapons we’ve received.”
The BITCOIN Act, first launched final summer season and reintroduced on the 2025 “Bitcoin for America” Summit, has seen rising bipartisan help in each the Home and Senate.
Congressman Nick Begich is main the cost within the Home. His model of the invoice mirrors Lummis’ Senate proposal and alerts rising alignment between chambers on Bitcoin coverage. “Individuals deserve a fiscal and financial basis constructed on property that symbolize self-discipline, construction, and confidence,” he tweeted right now. “Bitcoin delivers on all three, and I’m proud to steer this effort within the Home with The BITCOIN Act.”
President Trump has already signed an govt order earlier this yr making a federal Bitcoin reserve, utilizing BTC seized via forfeitures to determine an estimated 200,000 BTC stockpile—costing taxpayers nothing. Government Director Bo Hines confirmed the reserve will add to the reserve utilizing “price range impartial ways in which don’t price the taxpayer a dime,” probably together with tariff income.
Whereas Trump’s govt order marks the U.S. because the world’s largest sovereign Bitcoin holder, it might be overturned by future administrations. That’s why Lummis insists laws—not simply govt motion—is crucial to locking in a long-term nationwide Bitcoin technique. Lummis’ BITCOIN Act would cement this system into legislation and make sure the nation accumulates much more.
Asset supervisor VanEck estimates that if the U.S. follows this roadmap, the Bitcoin reserve may offset as much as $21 trillion of nationwide debt by 2049.
Lummis closed with a warning in regards to the greenback’s destiny. “It didn’t vanish. It simply misplaced energy,” she mentioned, evaluating it to the British pound. “Purchase actual property or get left behind.”
