US Senator Cynthia Lummis has reignited hypothesis that america may transfer to materially enhance 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 heart sits Franklin, a cartoon turtle in a backwards crimson cap and bandana, seated at a picket desk. In entrance of him is a laptop computer emblazoned with the orange Bitcoin emblem, clearly signaling that he’s utilizing Bitcoin-related software program or companies—most clearly, shopping for or managing BTC. Franklin’s eyes undertaking brilliant “laser beams” on the display, 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 stuffed with extra of those Bitcoin cash. The jar appears to operate as a visible metaphor for saving and stacking sats over time. The subtitle “and finds monetary freedom” explicitly connects Bitcoin accumulation with the concept of long-term financial sovereignty.
Bitcoin-focused accounts instantly interpreted the publish as a coverage sign somewhat 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 just lately submitted laws to have the US authorities purchase 1 million Bitcoin.”
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That studying is in keeping with Lummis’ personal public rhetoric. On November 5 she wrote by way of X: “I really consider the Strategic Bitcoin Reserve is the one answer to offset our nationwide debt. I applaud @POTUS and his administration for embracing the SBR, and I sit up for getting it carried out.” 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 12 months establishing a Strategic Bitcoin Reserve framework. Whereas it has turn out to be very quiet across the subject, US Treasury Secretary Scott Bessent just 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 publish, recommend that concrete steps towards increasing US Bitcoin reserves could also be progressing quietly within the background.
To this point, 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 america may sooner or later be the most important sovereign Bitcoin purchaser.
At press time, Bitcoin traded at $93,381.
Featured picture created with DALL.E, chart from TradingView.com
