Senator Lummis says Bitcoin reserve is the only solution to the U.S. national debt
Senator Cynthia Lummis believes the answer to America’s ballooning $37 trillion debt is Bitcoin.
- Senator Cynthia Lummis is bolstering her call for a Strategic Bitcoin Reserve, saying it could offset the national debt and act as a long-term hedge against inflation.
- She dismissed reports about converting U.S. gold reserves but confirmed that the Trump administration is exploring other approaches to build the SBR.
- The U.S. government reportedly owes over $37 trillion in national debt.
U.S. Senator Cynthia Lummis has once again spotlighted Bitcoin as a cornerstone of America’s financial future, declaring that a Strategic Bitcoin Reserve is the only realistic path to offsetting the ballooning U.S. national debt.
Lummis mentioned this in a recent tweet saying, “I truly believe the Strategic Bitcoin Reserve is the only solution to offset our national debt. I applaud President Donald Trump and his administration for embracing the SBR, and I look forward to getting it done.”
Her statement accompanied a clip from a Bloomberg Television interview where she discussed the growing interest in BTC-backed reserves at the federal level. The interviewer asked about the idea of converting U.S. gold holdings into Bitcoin (BTC).
While Lummis confirmed no traction on that front, she said the administration is exploring “other ways to have a strategic Bitcoin reserve.” She added that Bitcoin is an asset that will grow over time and help offset the rising debt burden.
The United States’ national debt currently exceeds $37 trillion and continues to rise. Meanwhile, Lummis has been a long-time Bitcoin advocate, repeatedly framing the asset as a modern hedge akin to gold or oil capable of securing long-term fiscal stability.
Earlier this year, Lummis and Congressman Nick Begich introduced the BITCOIN Act of 2025, which outlines a national cryptocurrency strategy and includes provisions to establish a government-controlled Bitcoin reserve.
The bill proposes annual purchases of 200,000 BTC for five years, holding the assets for two decades as a safeguard against inflation. Lummis also previously stated that acquiring 1 million Bitcoin, or roughly 5% of the total future supply, could “cut our debt in half in 20 years.”
US Bitcoin reserve rumored to hold $14 billion worth of BTC
The Strategic Bitcoin Reserve has gained additional relevance amid reports that the U.S. may already hold $14 billion worth of BTC, allegedly recovered from Chinese-Cambodian online scam operations. Meanwhile, other countries like the Philippines, Brazil, Sweden, and more are also weighing similar initiatives to bet on the crypto king at the national level.
Despite the push for long-term adoption, Bitcoin’s price has struggled in the short term. Data from crypto.news shows BTC is currently trading at $101,535, down nearly 10% this week. This comes after a sharp two-day drop that briefly pushed the price below the critical $100,000 level.
While the market shows signs of stabilization, upside momentum remains limited as resistance near $102,000 keeps bulls in check. Still, Lummis’ latest comments reaffirm the growing political momentum behind Bitcoin, positioning it as more than just a speculative asset but a potential tool of national economic importance.