Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt
In a robust tackle on Capitol Hill at the moment, Senator Cynthia Lummis made her stance clear: america is out of time—and out of conventional choices. “The BITCOIN Act is the one answer to our nation’s $36T debt,” she said, 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 12 months for 5 years—making a 1,000,000 BTC reserve held for a minimum of 20 years.
Lummis laid out three paths for America: collapse beneath a default, spiral into hyperinflation, or use Bitcoin and know-how to climb out. Her cash is on crypto. She believes Bitcoin’s fastened 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 stated. “We’d hit one thing worse than the Nice Melancholy.”
Inflation, she warned, will devastate working People if cash printing continues. “We’re speaking Zimbabwe, Weimar Republic ranges,” Lummis stated. “Every little thing turns into unaffordable. That’s not a future I would like People to face.”
Lummis is offering a deflationary various. “Know-how boosts productiveness and cuts prices. It provides us room to develop sooner than our debt,” she defined, pointing to AI, robots, and crypto because the instruments wanted to show the financial system round. “They’re the one actual weapons we’ve bought.”
The BITCOIN Act, first launched final summer time 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 indicators rising alignment between chambers on Bitcoin coverage. “People deserve a fiscal and financial basis constructed on property that symbolize self-discipline, construction, and confidence,” he tweeted at the moment. “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 government order earlier this 12 months making a federal Bitcoin reserve, utilizing BTC seized via forfeitures to determine an estimated 200,000 BTC stockpile—costing taxpayers nothing. Govt Director Bo Hines confirmed the reserve will add to the reserve utilizing “funds impartial ways in which don’t value the taxpayer a dime,” doubtlessly together with tariff income.
Whereas Trump’s executive order marks the U.S. because the world’s largest sovereign Bitcoin holder, it could possibly be overturned by future administrations. That’s why Lummis insists laws—not simply government motion—is important 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 might offset as much as $21 trillion of nationwide debt by 2049.
Lummis closed with a warning concerning the greenback’s destiny. “It didn’t vanish. It simply misplaced energy,” she stated, evaluating it to the British pound. “Purchase actual property or get left behind.”
