Overview
- Senator Cynthia Lummis posted a children’s-book-style image titled “Franklin buys Bitcoin” on X with the caption “₿ig things coming for Franklin!”.
- Crypto-focused outlets framed the post as a hint of potential federal Bitcoin buying, though no agency has announced any new acquisitions.
- Lummis has introduced legislation that contemplates a U.S. Strategic Bitcoin Reserve holding up to 1 million BTC over time.
- President Donald Trump established an SBR framework by executive order in March, and Treasury Secretary Scott Bessent’s recent Bitcoin-related appearances have fed market speculation.
- Separate from federal discussions, Texas confirmed a roughly $5 million Bitcoin position via a BlackRock-managed ETF under a state law enabling a strategic crypto reserve.