U.S. National Debt Reaches $39 Trillion, Cynthia Lummis Advocates for Treasury to Purchase 1 Million BTC

The total U.S. national debt surpassed $39 trillion in mid-March, with public debt exceeding $31 trillion. The Congressional Budget Office projects a deficit of $1.9 trillion for fiscal year 2026, with public debt expected to rise to $56 trillion by 2036. Senator Cynthia Lummis is promoting the BITCOIN Act, which aims to require the U.S. Treasury to purchase up to 1 million BTC over five years and hold them for at least 20 years, although there is currently no official confirmation of such purchases. On June 16, Lummis stated that her model estimates could reduce U.S. national debt by one-third to one-half, and she anticipates that the Treasury will begin purchasing Bitcoin by the end of 2026.

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