At a strong address of Capitol Hill today, Senator Cynthia Lummis made her attitude clear: The US is out of time – and out of traditional opportunities. “The Bitcoin Act is the only solution to our country’s debt of $ 36T,” she said, mentioning she has President Donald Trump’s support for her initiative. “I am grateful for a forward -thinking president who not only recognizes this but acts on it.”
If it was passed in the law, the Bitcoin Act would see that the United States is buying 200,000 Bitcoin a year for five years – creates a 1,000,000 BTC reserve held for at least two decades.
Lummis laid three trails for America: collapse under a standard, spiral in hyperinflation or use Bitcoin and technology to climb out. Her money is on crypto. She believes that Bitcoin’s regular supply enables it to restore long -term monetary discipline. “The system is built on trust. If we do not pay back what we owe, this confidence will disappear,” she said. “We had hit something worse than the great depression.”
Inflation, she warned, will destroy working Americans if money printing continues. “We’re talking Zimbabwe, Weimar Republic levels,” Lummis said. “Everything becomes insurmountable. It’s not a future I want Americans to meet.”
Lummis offers a deflationary alternative. “Technology increases productivity and cuts the cost. It gives us room to grow faster than our debt,” she explained, pointing to AI, robots and crypto as the tools needed to turn the economy around. “They are the only real weapons we have been given.”
The Bitcoin Act, first introduced last summer and reintroduced at the “Bitcoin for America” ​​meeting in 2025, has seen growing bipartisan support in both parliament and the Senate.
Congress member Nick Begich leads the charges in the house. His version of Bill mirrors Lummis’ Senate’s proposal and signales growing adaptation between chambers on Bitcoin policy. “Americans deserve a fiscal and monetary foundation built on assets representing discipline, structure and confidence,” he twitly twited today. “Bitcoin delivers on all three, and I’m proud to lead this effort in parliament with the Bitcoin Act.”
President Trump has already signed an executive order earlier this year creating a federal Bitcoin reserve using BTC, which was seized through forfeiture to establish an estimated 200,000 BTC stocks -which costs taxpayers nothing. Executive Director Bo Hines confirmed that the reserve will add the reserve using “budget neutral ways that do not cost the taxpayer a crown” that potentially includes customs revenue.
While Trump’s executive order marks the United States as the world’s largest sovereign bitcoin holder, it could be overturned by future administrations. Therefore, the lumm ice cream on legislation-not only performing actions is important to lock a long-term national Bitcoin strategy. The Bitcoin Act of Lummis would cement the program in law and ensure that the country accumulates far more.
Asset Manager Vaneck estimates that if the US follows this roadmap, Bitcoin Reserve could equalize up to $ 21 trillion of national debt by 2049.
Lummis closed with a warning about the fate of the dollar. “It didn’t disappear. It just lost power,” she said, comparing it to the British pound. “Buy real assets or be left behind.”