Cynthia Lummis’ Bitcoin meme post on X revives speculation that the U.S. could expand BTC reserves under Trump’s Strategic Bitcoin Reserve framework.
Summary
- Lummis posted a children’s-book-style “Franklin buys Bitcoin” image with “Big things coming for Franklin!” as the caption on X.
- Bitcoin outlets framed the post as a hint at U.S. Bitcoin purchases, tying it to Lummis’ proposal for a 1 million BTC Strategic Reserve.
- Trump’s executive order on a Strategic Bitcoin Reserve and Treasury Secretary Bessent’s public Bitcoin appearances amplify market speculation.
U.S. Senator Cynthia Lummis posted a Bitcoin-themed image on social media platform X, prompting speculation that the United States could expand its Bitcoin (BTC) holdings, according to market observers.
The image, styled as a children’s book cover titled “FRANKLIN BUYS BITCOIN AND FINDS FINANCIAL FREEDOM,” features a cartoon turtle character named Franklin seated at a desk with a laptop displaying the Bitcoin logo. The character’s eyes project bright beams at the screen, referencing the “laser eyes” meme associated with Bitcoin culture. Physical coins stamped with the Bitcoin symbol and a jar filled with similar coins appear on the desk.
Lummis captioned the post: “Big things coming for Franklin!”
Bitcoin-focused media outlets interpreted the post as a policy signal. Bitcoin Magazine stated: “US Senator Cynthia Lummis hints at buying Bitcoin,” while Bitcoin Archive claimed the post suggested “a potential US Bitcoin buy,” according to their social media accounts.
The Wyoming Republican has previously introduced legislation proposing a U.S. Strategic Bitcoin Reserve. The bill contemplates the federal government holding up to 1 million Bitcoin over time, according to the proposed legislation.
On November 5, Lummis wrote on 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.”
President Donald Trump issued an executive order in March establishing a Strategic Bitcoin Reserve framework. U.S. Treasury Secretary Scott Bessent recently attended the opening of PubKey, a Bitcoin-themed establishment in Washington, according to reports.
No official confirmation of federal Bitcoin purchases has been announced. The U.S. government currently holds Bitcoin seized through law enforcement actions, though the exact amount has not been publicly disclosed in recent months.
Market participants monitoring policy developments have noted the combination of Lummis’ social media activity, the executive order, and Bessent’s public appearances as potential indicators of federal interest in expanding Bitcoin reserves, according to cryptocurrency market analysts.
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