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

Odaily Planet Daily News The total U.S. national debt surpassed $39 trillion in mid-March, with public debt holdings exceeding $31 trillion. The Congressional Budget Office projects a $1.9 trillion deficit for fiscal year 2026, with public debt expected 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; no official purchase confirmation has been made yet. On June 16, Cynthia Lummis stated that her model calculates the holdings could reduce the U.S. 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)