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    Home - Cryptocurrency & Blockchain - Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt
    Cryptocurrency & Blockchain

    Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt

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    Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt
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    In a powerful address on Capitol Hill today, Senator Cynthia Lummis made her stance clear: the United States is out of time—and out of traditional options. “The BITCOIN Act is the only solution to our nation’s $36T debt,” she said, while mentioning she has President Donald Trump’s support for her initiative. “I’m grateful for a forward-thinking president who not only recognizes this, but acts on it.” 

    If enacted into law, the BITCOIN Act would see the U.S. purchase 200,000 bitcoin per year for five years—creating a 1,000,000 BTC reserve held for at least two decades. 

    JUST IN: 🇺🇸 Senator Cynthia Lummis says President Trump supports her Strategic Bitcoin Reserve bill to buy 1,000,000 BTC 👀

    pic.twitter.com/USLhEAdpMn

    — Bitcoin Magazine (@BitcoinMagazine) May 2, 2025