In a powerful speech to Capitol Hill today, Senator Cynthia Lummis clarified her position: the United States are out of time and outside the traditional options. “Bitcoin Act is the only $ 36T debt solution of our nation,” he said, while mentioning that he has the support of President Donald Trump for his initiative. “I am grateful for a forward -looking president who not only recognizes him, but acts on it.”
If put in place, the Bitcoin Act would see the United States purchase 200,000 bitcoins per year for five years, creating a reserve of 1,000,000 BTC detained for at least two decades.
Lummis exposed three paths to America: collapse under a default, spiral in hyperinflation or USA Bitcoin and technology to climb. His money is in cryptocurrency. He believes that the fixed supply of Bitcoin makes him able to restore long -term monetary discipline. “The system is based on trust. If we don’t repay what we need, that trust disappears,” he said. “We would have hit something worse than the great depression.”
Inflation, he warned, will devote the Americans who work if the press of money continues. “We are talking about Zimbabwe, at the Weimar Republic level,” said Lummis. “Everything becomes inaccessible. It is not a future that I want the Americans to face.”
Lummis offers a deflationary alternative. “Technology increases productivity and reduces costs. It gives us room to grow faster than our debt,” he explained, indicating to, robots and cryptocurrencies as tools necessary to change the economy. “They are the only real weapons we have.”
The Bitcoin Act, introduced for the first time last summer and reintroduced to the “Bitcoin for America” ​​summit of 2025, saw growing bipartisan support both in the Chamber and Senate.
The deputy Nick Begich is leading the accusation to the Chamber. His version of the Bill reflects the proposal of the Senate of Lummis and reports a growing alignment between rooms on Bitcoin’s policy. “The Americans deserve a fiscal and monetary foundation built on resources representing discipline, structure and trust”, tweeted today. “Bitcoin offers all three and I’m proud to drive this effort into the house with Bitcoin Act.”
President Trump has already signed an executive order at the beginning of this year creating a federal bitcoin reserve, using BTC seized through performers to establish an estimated estimate of 200,000 BTC, which did not question taxpayers. Executive director Bo Hines confirmed that the reserve will be added to the reserve using “neutral budget ways that do not cost a penny to the taxpayer”, potentially including tariff revenues.
While the executive order of Trump marks the United States as the largest owner of Sovereign Bitcoin in the world, could be canceled by future administrations. That’s why Lummis insists on the legislation-do not only an executive action-is essential to block a national long-term bitcoin strategy. Lummis’s Bitcoin Act cement the program in law and ensure that the country accumulates much more.
The patrimonial director Vaneck estimates that if the United States follow this roadmap, the Bitcoin reserve could compensate for $ 21 trillion of national debt by 2049.
Lummis closed with a warning on the fate of the dollar. “He did not vanished. He lost his power,” he said, comparing him with the British pound. “Buy real or left goods behind.”