Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce National Debt

The Wyoming senator brought a copy of her legislation to the stage at the Bitcoin Conference in Nashville.

NASHVILLE — U.S. Senator Cynthia Lummis plans to introduce legislation calling for a "strategic bitcoin reserve" that will reduce the national debt of the United States by buying 1 million bitcoin (BTC) over the course of five years.

The bitcoin would be held for at least 20 years, she said.