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05/11/25 16:58 UTC-04

Bitcoin Reserve Could Help Reduce U.S. National Debt — Cynthia Lummis

U.S. Senator Cynthia Lummis has stated that creating a national Bitcoin reserve could be a powerful tool to reduce the U.S. national debt, which now exceeds $37 trillion.

In a segment shared from her Bloomberg Television interview, Lummis discussed the growing federal interest in Bitcoin-backed reserves. When asked whether the U.S. might consider converting part of its gold reserves into Bitcoin, she said there was no progress yet, but confirmed that the administration is exploring alternative ways to build a crypto reserve.

“I truly believe that a Bitcoin reserve is the only way to offset our national debt. I applaud President Donald Trump and his administration for supporting this idea and look forward to seeing it implemented,” Lummis later wrote on X.

Earlier this year, Lummis and Congressman Nick Begich introduced a bill proposing the inclusion of Bitcoin in the U.S. national reserve. The legislation calls for the annual purchase of 200,000 BTC over five years and the long-term holding of these coins for twenty years, as a means to protect the federal budget from inflation.

Previously, Lummis argued that acquiring 1 million BTC (around 5% of the total supply) could cut the U.S. debt in half within 20 years. The senator is a long-time Bitcoin advocate, having also proposed in 2022 that BTC be included in retirement savings plans.

See also: "Matt Hougan Predicts the End of Bitcoin’s Negative Trend"

#Bitcoin (BTC) #USA #Reserves #Fed

Editor: Alyona Nabok
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