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

Odaily reported that the total U.S. national debt surpassed $39 trillion in mid-March, with public debt exceeding $31 trillion. The U.S. Congressional Budget Office projects a deficit of $1.9 trillion for fiscal year 2026 and public debt rising 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 5 years and hold them for at least 20 years. No official purchase has been confirmed yet. On June 16, Cynthia Lummis stated that according to her model, such holdings could reduce the national debt by one-third to one-half, and she expects the Treasury to begin acquiring Bitcoin before the end of 2026. (Bitcoin.com News).