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Senator Lummis Proposes U.S. Purchase of 1 Million Bitcoin to Halve $36 Trillion National Debt, Acquiring 200,000 Bitcoin Annually with Support from 7 Congress Members

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Updated Apr 15, 2025, 02:40 PM

Senator Cynthia Lummis has proposed a plan for the U.S. government to purchase one million Bitcoin, aiming to halve the national debt of approximately $36 trillion over 20 years. The proposal suggests acquiring 200,000 Bitcoin annually. Lummis emphasized the importance of Bitcoin as a strategic reserve, stating that it could help preserve the U.S. dollar's status as the world reserve currency. The initiative has garnered support from a growing number of lawmakers, with at least seven Congress members endorsing the plan. Additionally, Bo Hines, Executive Director of the U.S. Presidential Digital Asset Advisory Committee, expressed a desire for the U.S. to accumulate an 'infinite amount' of Bitcoin to enhance its competitive edge globally in the cryptocurrency space. The discussions surrounding this proposal highlight a broader trend of increasing acceptance of Bitcoin among U.S. lawmakers, with Lummis noting that many are becoming more knowledgeable about digital assets.

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Senator Cynthia Lummis

@SenLummis

Bitcoin is a store of value that helps the government solve problems and preserve the U.S. dollar as the world reserve currency. More from my interview with @Jennsanasie @CoinDesk here ⬇️ https://t.co/J5TQjiEDSJ

CoinDesk

@CoinDesk

“ I still think of Bitcoin as freedom money.” 💰🕊️ @senlummis, Capitol Hill’s ‘Bitcoin Senator,’ joins the latest episode of CoinDesk Spotlight with @jennsanasie. Watch now 🔗👇 https://t.co/SCtJUhWYQB

The Bitcoin Historian

@pete_rizzo_

FACT: 7 CONGRESSMEN ARE NOW ENDORSING SENATOR LUMMIS' PLAN TO BUY 1 MILLION #BITCOIN AMERICA WANTS TO BUY BTC 🚀 https://t.co/xYW2UJnNM5

Story Timeline

4 days ago•Latest version

Senator Lummis Proposes U.S. Purchase of 1 Million Bitcoin to Halve $36 Trillion National Debt, Acquiring 200,000 Bitcoin Annually with Support from 7 Congress Members

4 days ago

Senator Lummis Proposes U.S. Acquisition of 1 Million Bitcoin to Halve $36 Trillion National Debt Over 20 Years

6 days ago

Senator Lummis Proposes U.S. Acquire 1 Million Bitcoin at 200,000 BTC Annually to Cut National Debt by Half in 20 Years

6 days ago•Original version

Senator Lummis Claims Bitcoin Could Halve U.S. National Debt by 50% Over 20 Years, Sparking China Arms Race