The U.S. national debt has reached $39 trillion, and Cynthia Lummis is pushing the Treasury to purchase 1 million BTC within 5 years

The total amount of U.S. national debt surpassed $39 trillion in mid-March, with public debt exceeding $31 trillion. The Congressional Budget Office projects that the deficit for fiscal year 2026 will reach $1.9 trillion, and public debt will rise to $56 trillion by 2036.

Senator Cynthia Lummis is promoting the BITCOIN Act, which aims to require the U.S. Treasury to purchase up to 1 million BTC within 5 years and hold them for at least 20 years, with no official purchase confirmation yet. On June 16, Cynthia Lummis stated that her model estimates that the holdings could reduce U.S. national debt by one-third to one-half, and she expects the Treasury to begin purchasing Bitcoin by the end of 2026.