US Senator Cynthia Lummis has reignited hypothesis that the US may transfer to materially improve its Bitcoin holdings, after posting a Bitcoin-themed picture on X with the caption: “₿ig issues coming for Franklin!”
Lummis Revives Strategic Bitcoin Reserve Hype
The picture is drawn as a kids’s e book cowl titled “FRANKLIN BUYS BITCOIN AND FINDS FINANCIAL FREEDOM.” On the middle sits Franklin, a cartoon turtle in a backwards purple cap and bandana, seated at a wood desk. In entrance of him is a laptop computer emblazoned with the orange Bitcoin brand, clearly signaling that he’s utilizing Bitcoin-related software program or companies—most clearly, shopping for or managing BTC. Franklin’s eyes mission vibrant “laser beams” on the display screen, echoing the well-known “laser eyes” meme in Bitcoin tradition.
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On the desk lie bodily cash stamped with the Bitcoin image, and a glass jar full of extra of those Bitcoin cash. The jar appears to perform as a visible metaphor for saving and stacking sats over time. The subtitle “and finds monetary freedom” explicitly connects Bitcoin accumulation with the thought of long-term financial sovereignty.
Bitcoin-focused accounts instantly interpreted the put up as a coverage sign moderately than a easy meme. Bitcoin Journal summarized the second as: “JUST IN: US Senator Cynthia Lummis hints at shopping for Bitcoin”. Bitcoin Archive went additional, claiming: “JUST IN: US Senator Cynthia Lummis hints at a possible US Bitcoin purchase. Senator Lummis has lately submitted laws to have the US authorities purchase 1 million Bitcoin.”
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That studying is in line with Lummis’ personal public rhetoric. On November 5 she wrote by way of X: “I actually imagine the Strategic Bitcoin Reserve is the one resolution to offset our nationwide debt. I applaud @POTUS and his administration for embracing the SBR, and I stay up for getting it accomplished.” Her laws has pushed for a proper US Strategic Bitcoin Reserve and explicitly contemplated the federal government holding as much as 1 million BTC over time.
The meme additionally lands after President Trump’s govt order from March this yr establishing a Strategic Bitcoin Reserve framework. Whereas it has change into very quiet across the matter, US Treasury Secretary Scott Bessent lately attended the opening of the Bitcoin bar PubKey in Washington. For a lot of available in the market, these developments, mixed with Lummis’ newest put up, recommend that concrete steps towards increasing US Bitcoin reserves could also be progressing quietly within the background.
Up to now, nevertheless, there was no official affirmation of state-level Bitcoin purchases. For now, Franklin stays a symbolic turtle with laser eyes at a Bitcoin laptop computer—however in a market hyper-attuned to political indicators, Lummis’ picture is being learn because the clearest trace but that the US may sooner or later be the biggest sovereign Bitcoin purchaser.
At press time, Bitcoin traded at $93,381.
Featured picture created with DALL.E, chart from TradingView.com
