US Treasury Accepts PayPal and Venmo for Debt Donations as Bitcoin Reserve Plan Stalls

The US Treasury has expanded its payment options by allowing PayPal and Venmo transactions for voluntary contributions to reduce the national debt through its Pay.gov platform. This update brings renewed attention to the long-running Gifts to Reduce the Public Debt program, even as larger policy solutions like the proposed Strategic Bitcoin Reserve struggle to gain traction in Congress. Originally established in 1961 under federal law, the debt donation program has collected approximately $67 million since 1996. Despite recent viral attention, contributions remain relatively small. Monthly…  Read more

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