US Treasury Adds Venmo for Debt Donations as Strategic Bitcoin Reserve Bill Stalls
BeInCrypto
The US Treasury now accepts Venmo and PayPal for debt donations, while legislation for a Strategic Bitcoin Reserve remains stalled in Congress.Summary
The US Treasury has expanded its Pay.gov program to allow citizens to make voluntary contributions toward the national debt via PayPal and Venmo. This long-standing donation initiative, which has collected approximately $67 million since 1996, remains a minor factor compared to the nation's $39 trillion debt and monthly interest payments. Meanwhile, more systemic proposals to address federal debt, such as the BITCOIN Act of 2025 introduced by Senator Cynthia Lummis and the Six Penny Plan by Senator Rand Paul, have faced legislative delays, leaving the country without a definitive strategy to curb its fiscal deficit.
(Source：BeInCrypto)