Senator Cynthia Lummis has a plan for the US national debt. Buy Bitcoin, hold it for 20 years, and let appreciation do the heavy lifting. It is now a formal Senate bill with a co-sponsorship list and a floor hearing history.
Lummis made the case again on June 16, 2026, arguing that Bitcoin’s fixed supply and long-term price trajectory make it a credible fiscal tool, not just a speculative asset for retail traders.
What the BITCOIN Act actually proposes
The legislation, formally designated S. 954, directs the Treasury to acquire up to 1 million Bitcoin over a five-year period. That represents roughly 5% of Bitcoin’s total possible supply of 21 million coins.
Once purchased, the holdings would sit in a decentralized secure reserve for a minimum of 20 years. The structure is deliberately modeled on the gold reserves the US government already holds.
