US Senator Cynthia Lummis has reignited the speculation that the United States may move to substantially increase its Bitcoinholdings. She posted a Bitcoin themed image on X, with the caption ” “₿ig things coming for Franklin!”
Lummis Revives Strategic Bitcoin Reserve Hysteria
This image was drawn to look like a book cover for children entitled “FRANKLIN BUYS BITCOIN AND FINDS FINANCIAL FREEDOM.” Franklin, the cartoon turtle, is sitting on a wooden table in the middle. He wears a cap with a bandana that’s been turned backwards. In front of him is a laptop emblazoned with the orange Bitcoin logo, clearly signaling that he is using Bitcoin-related software or services—most obviously, buying or managing BTC. Franklin’s bright eyes are a sign of his activity. “laser beams” The screen echoes the familiar “laser eyes” Bitcoin Culture: meme
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There are physical Bitcoins stamped with the Bitcoin symbols on the table, as well as a glass container filled with additional Bitcoin coins. The jar is a metaphorical representation of saving and stacking Sats. The subtitle “and finds financial freedom” Bitcoin accumulation is explicitly linked with long-term economic autonomy.
Accounts that are focused on Bitcoin immediately understood the post to be a signal of policy rather than just a meme. Bitcoin Magazine summarized this moment by: “JUST IN: US Senator Cynthia Lummis hints at buying Bitcoin”. Bitcoin Archive has gone further and claimed that: “JUST IN: US Senator Cynthia Lummis hints at a potential US Bitcoin buy. Senator Lummis has recently submitted legislation to have the US government buy 1 million Bitcoin.”
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Lummis herself has said the same thing. On November 5, she wrote Via X “I truly believe the Strategic Bitcoin Reserve is the only solution to offset our national debt. I applaud @POTUS and his administration for embracing the SBR, and I look forward to getting it done.” The following is a list of the most recent and relevant articles. legislation has pushed For a US Strategic Bitcoin Reserve, the proposal explicitly envisaged that over time up to 1,000,000 BTC could be held by the US government.
It also appears after Trump’s presidency executive order from March This year, the Strategic Bitcoin Reserve Framework will be established. US Treasury Sec. Scott Bessent says that the subject has been quiet for a while. recently attended The opening of PubKey, a Bitcoin bar in Washington. Lummis’ post along with those developments may have led many to believe that there are steps being quietly taken in the background toward a larger US Bitcoin reserve.
However, no confirmation has yet been made of official state purchases. For now, Franklin remains a symbolic turtle with laser eyes at a Bitcoin laptop—but in a market hyper-attuned to political signals, Lummis’ image is being read as the clearest hint yet that the United States could one day be the largest sovereign Bitcoin buyer.
Bitcoin was trading at $93,381 as of press time.
Featured image was created with DALL.E chart by TradingView.com
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Source: www.newsbtc.com
