US Treasury Adds Venmo for Debt Donations as Strategic Bitcoin Reserve Bill Stalls
The US Treasury now accepts PayPal and Venmo for voluntary public debt contributions by its Pay.gov type. The replace arrives as a Strategic Bitcoin Reserve invoice focusing on the identical fiscal drawback stalls in Congress.
Donations common roughly $120,000 a month towards a $39 trillion complete. Interest funds alone run close to $88 billion a month, dwarfing any voluntary influx.
A 64-Year-Old Program Meets Viral Attention
The “Gifts to Reduce the Public Debt” program has operated since 1961 beneath 31 U.S.C. § 3113. Treasury information show cumulative donations of about $67 million since 1996, with February 2026 inflows close to $30,000.
Amid rising US debt. Senator Rand Paul has pushed his Six Penny Plan. The proposal would trim six cents from each federal greenback over 5 years.
“I launched the Six Penny Plan as a result of the reply to our debt disaster isn’t sophisticated. Cut six cents off each greenback. Balance the price range in 5 years. Protect your kids’s future. The solely factor standing in the way in which is Washington’s refusal to stay inside its means,” he stated.
Strategic Bitcoin Reserve as the choice
Bitcoin (BTC) advocates distinction the donation program with lively proposals to construct sovereign crypto holdings. The BITCOIN Act of 2025 was introduced by Senator Cynthia Lummis. It would direct the acquisition of 1 million BTC over 5 years.
Asset supervisor VanEck has projected {that a} Strategic Bitcoin Reserve might trim US debt by 36% by 2050.
“Assuming at present’s $900 trillion of complete world monetary property compound at 7.0% from 2025 – 2049, Bitcoin would signify 18% of world monetary property on this state of affairs,” the agency added.
The invoice stays caught in committee. Lummis introduced in December 2025 she will not seek reelection.
President Donald Trump’s executive order created the reserve on paper using forfeited coins. Operational deadlines have lapsed, and Congress has not appropriated new acquisition funds.
The companion Mined in America Act seeks to codify that framework.
The current outlook leaves taxpayers with two contrasting instruments. Voluntary digital items sit on one facet, whereas a stalled legislative push for fixed-supply reserves sits on the opposite.
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