Cynthia Lummis: Pushing the US Treasury to purchase 1 million BTC within 5 years

The total amount of US treasury bond exceeded 39 trillion US dollars, and the public held debt exceeded 31 trillion US dollars. The Congressional Budget Office predicts a deficit of $1.9 trillion for fiscal year 2026 and a public debt of $56 trillion by 2036. Senator Cynthia Lummis is pushing for the BITCOIN Act, which proposes to require the US Treasury Department to purchase up to 1 million BTC within 5 years and hold them for at least 20 years. Cynthia Lummis said on June 16 that this position could reduce US treasury bond bonds by one-third to one-half, and it is expected that the Ministry of Finance will start buying Bitcoin before the end of 2026. （Bitcoin.com News）