US Treasury Accepts Venmo for Debt Donations as Bitcoin Reserve Bill Stalls
The US Treasury has expanded its debt donation program to include Venmo and PayPal, but the initiative faces challenges due to the stalled Strategic Bitcoin Reserve bill. The program, which has collected only $67 million since 1996, is dwarfed by the $88 billion in monthly interest payments on the national debt. Senator Cynthia Lummis' Bitcoin Reserve proposal remains in committee.
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Topics: Bitcoin federal budget PayPal Six Penny Plan Strategic Bitcoin Reserve US debt Venmo