In today’s Capitol Hill’s powerful speech, Sen. Cynthia Ramis made her stance clear: the United States is out of hours and is out of traditional choice. “The Bitcoin Act is the only solution to our country’s 36T debt,” she said, noting that she has President Donald Trump’s support for her initiative. “We are grateful to the advanced president who not only recognizes this but acts on it.”
If enacted by law, the Bitcoin Act confirms that the US purchases 200,000 Bitcoin per year for five years.
Lummis laid out three American passes. Collapse under default and either make the spiral hyperinflation or climb using Bitcoin and technology. Her money is in the code. She believes that a fixed supply of Bitcoin will restore long-term financial discipline. “The system is built on trust. If we don’t pay back what we owe, that trust will disappear,” she said. “We’d hit something worse than the Great Repression.”
Inflation, she warned, would destroy working Americans if money was printed ongoing. “We’re talking about Zimabubwe, at the Weimar Republic level,” Ramis said. “Everything will be affordable. That’s not the future I want Americans to face.”
Lummis offers deflationary alternatives. “Technology increases productivity and reduces costs. It gives us room to grow faster than our debt,” she explains, referring to AI, robots and cryptography as the tools we need to turn the economy around. “They are the only real weapons we have.”
The Bitcoin Act, first introduced last summer and reintroduced at the 2025 Bitcoin for America summit, has increased bipartisan support in both the House and Senate.
Rep. Nick Begich is leading the accusation in the House. His version of the bill reflects Lummis’ Senate proposals and signals that increase inter-chamber integrity over Bitcoin policy. “Americans deserve a financial and monetary foundation built on assets that represent discipline, structure and confidence,” he tweeted today. “Bitcoin is distributed to all three and we are proud to be able to lead this effort at home with the Bitcoin Act.”
President Trump has already signed an executive order to create a federal Bitcoin Reserve using BTC seized through confiscation earlier this year to establish an estimated 200,000 BTC stockpile. Taxpayers do not cost anything. Executive Director Boheins confirmed that the reserve will be adding it to the reserve using a “basic neutral approach that doesn’t cost taxpayers a single dime.”
Trump’s executive order marks the United States as the world’s largest sovereign Bitcoin holder, but could be overturned by future administrations. Therefore, Ramis argues that not only executive action is essential to locking into a long-term national Bitcoin strategy. Lummis’ Bitcoin Act solidifies the program into law and ensures that the country accumulates much more.
Asset Manager Vanek estimates that if the US follows this roadmap, Bitcoin Reserve could offset up to $21 trillion in national debt by 2049.
Ramis closed with a warning about the fate of the dollar. “It didn’t go away. It just lost its strength,” she compared it to the British pound. “You’ll either buy the actual assets or get left behind.”
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