U.S. national debt reaches $39 trillion, Cynthia Lummis urges the Treasury to purchase 1 million BTC within 5 years

Odaily reports that the total US national debt surpassed $39 trillion in mid-March, with publicly held debt exceeding $31 trillion. The US Congressional Budget Office estimates that the deficit for fiscal year 2026 will reach $1.9 trillion, and public debt will rise to $56 trillion by 2036. Senator Cynthia Lummis is pushing the BITCOIN Act, which proposes that the US Treasury purchase up to 1 million BTC within five years and hold them for at least 20 years; there is currently no official confirmation of any purchase. On June 16, Cynthia Lummis stated that according to her model, such holdings could reduce US national debt by one-third to one-half, and she expects the Treasury to begin purchasing Bitcoin before the end of 2026. (Bitcoin.com News).