US Treasury Accepts Venmo for Debt Donations Amid Bitcoin Reserve Bill Delay

News Flash 2026-04-27 03:05

The US Treasury has expanded its payment options for voluntary public debt contributions to include PayPal and Venmo via its Pay.gov platform. This move comes as the Strategic Bitcoin Reserve bill, which aims to address the national debt through cryptocurrency holdings, remains stalled in Congress. Despite the new payment methods, donations average only $120,000 monthly against a staggering $39 trillion total debt, with interest payments alone nearing $88 billion per month. The "Gifts to Reduce the Public Debt" program, operational since 1961, has seen cumulative donations of about $67 million since 1996. Meanwhile, Senator Rand Paul advocates for his Six Penny Plan, proposing a six-cent cut from every federal dollar to balance the budget in five years. In contrast, the BITCOIN Act of 2025, introduced by Senator Cynthia Lummis, suggests purchasing 1 million BTC over five years to reduce debt, but it remains stuck in committee. The current situation presents taxpayers with voluntary digital donations and a stalled legislative effort for a strategic Bitcoin reserve.

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