US National Debt Reaches $39 Trillion, Cynthia Lummis Pushes Treasury to Buy 1 Million BTC Over 5 Years

Odaily reports that the total U.S. national debt surpassed $39 trillion in mid-March, with debt held by the public exceeding $31 trillion. The Congressional Budget Office projects a $1.9 trillion deficit for fiscal year 2026 and expects public debt to rise to $56 trillion by 2036. Senator Cynthia Lummis is promoting the BITCOIN Act, which would require the U.S. Treasury to purchase up to 1 million BTC within five years and hold them for at least 20 years. There is currently no official confirmation of purchases. On June 16, Cynthia Lummis stated that, based on her model, such holdings could reduce the national debt by one-third to one-half, and she expects the Treasury to begin purchasing Bitcoin before the end of 2026. (Bitcoin.com News)