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Senator Lummis Proposes BITCOIN Act Requiring U.S. Treasury to Buy 1M BTC Within 5 Years

2026-07-13 04:37:29

BTC-1.90%

According to ChainCatcher, on June 16, Senator Cynthia Lummis pushed forward the BITCOIN Act, proposing that the U.S. Treasury purchase up to 1 million Bitcoin within 5 years and hold the assets for at least 20 years. Lummis said her models suggest such holdings could reduce U.S. national debt by one-third to one-half. She predicted the Treasury would begin purchases by the end of 2026, though no official confirmation has been made.

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