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Steak ‘n Shake now accepts #bitcoin via the Lightning Network at all U.S. locations.
Steak ‘n Shake has introduced support for Bitcoin payments through the Lightning Network at its restaurants across the , according to a company announcement made on May 16th.
The fast-food chain stated that the payment option is now available nationwide and is not limited to a test phase or pilot rollout. 
Customers can use Lightning-compatible Bitcoin wallets to complete transactions by scanning a QR code at the register. 
Payments are processed using a backend system that automatically converts Bitcoin to U.S. dollars at the point of sale.
Its implementation is intended to support point-of-sale payments in settings like quick-service restaurants.
Steak ‘n Shake serves over 100 million customers annually, and the adoption of Lightning-based payments introduces an alternative transaction method for a portion of its customer base.
The company’s decision reflects a broader trend of businesses exploring Bitcoin payment options, particularly as Bitcoin and digital asset payment technologies continue to evolve.
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Canada’s decision to treat stablecoins as securities is hampering innovation and market growth, prompting industry leaders to urge a more flexible, payment-focused framework.
Canada’s Stablecoin Standstill: A Call for Regulatory Reform
As digital currencies reshape global payments, Canada remains on the sidelines by classifying stablecoins — #cryptocurrencies pegged to fiat—as securities or derivatives. Unlike the #UnitedStates and the European Union, which are developing dedicated rules to treat stablecoins as payment instruments, Canada’s securities-focused approach demands prospectus filings and rigorous disclosure, a model ill-suited to high-velocity transactional tokens.
This regulatory stance creates uncertainty for businesses seeking to use stablecoins in everyday commerce. Merchants face unclear tax implications and complex compliance obligations, while startups struggle to secure bank partnerships. The result is a fragmented landscape where each province interprets rules differently, forcing issuers and users into an expensive, time-consuming patchwork of filings.
Industry stakeholders argue that Canada’s conservative posture risks driving fintech innovators to friendlier jurisdictions. In recent months, major crypto firms have publicly appealed for a national strategy that recognizes stablecoins as payment tools, not investment products. They call for an inclusive consultation process, involving both regulators and private-sector pioneers, to craft balanced safeguards without stifling growth.
The market impact is already evident. Several digital-asset platforms have paused Canadian launches, citing regulatory ambiguity as the key barrier. Meanwhile, cross-border payments continue to incur higher costs and longer settlement times compared to #stablecoin ks elsewhere.
To catch up, experts recommend three key steps: (1) Legally redefine stablecoins as a distinct category of digital payment instruments; (2) Centralize oversight under a single federal authority—such as the Bank of #Canada —to ensure consistency; and (3) Integrate stablecoins into existing payments infrastructure, including Canada’s real-time rail systems. With these reforms, Canada could unlock faster, cheaper transactions and reestablish itself as a fintech frontrunner. Without action, however, it risks missing out on the next wave of digital finance innovation.
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The U.S. government's formal adoption of Bitcoin as a strategic reserve marks a pivotal shift in financial policy, coinciding with significant market movements and regulatory developments in the #crypto landscape.
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Bitcoin's Strategic Ascent: U.S. Embraces Crypto Amid Market Milestones
In a landmark move, the #UnitedStates government has officially recognized Bitcoin as a strategic reserve asset. This decision, underscored by President Donald Trump's recent executive order, signals a transformative shift in the nation's financial strategy and its stance on digital currencies.

U.S. Government's Bitcoin Reserve Initiative
On March 6, President Trump signed an executive order establishing a Strategic #bitcoin Reserve and a Digital Asset Stockpile. This initiative aims to consolidate and manage the federal government's digital asset holdings, particularly Bitcoin acquired through criminal and civil asset forfeiture proceedings. David Sacks, the White House's crypto czar, emphasized Bitcoin's scarcity and long-term value, stating that the government views it as a strategic asset for the nation's financial future.
Market Reactions and Price Movements
Following the announcement, Bitcoin experienced a 6% price drop, falling from $90,400 to $84,979. Analysts attribute this decline to investor expectations of immediate government purchases of Bitcoin, which were not part of the initial plan. Despite the short-term dip, experts like Joe Burnett from Unchained view the establishment of the Bitcoin reserve as a significant step toward integrating Bitcoin into the global financial system.

Regulatory Developments and Global Implications
The U.S. government's move has sparked discussions worldwide about the role of digital assets in national financial strategies. While some countries, like South Korea, are taking a cautious approach, the U.S.'s proactive stance may influence other nations to consider similar measures.

Conclusion
The United States' formal recognition of #BTC as a strategic reserve asset marks a significant milestone in the integration of digital currencies into national financial systems. As the global financial landscape continues to evolve, this move may set a precedent for other countries to follow, potentially reshaping the future of digital asset adoption and regulation.
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Bitcoin may ‘pump then rotate back’ if US strategic reserve gets approved
A crypto analyst warns that Bitcoin’s price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed.
A crypto analyst has warned that if approved, Senator Lummis’ proposal for the United States government to acquire 5% of Bitcoin’s supply could cause increased price volatility in the short term.
“I expect it to be pretty volatile, especially if the strategic Bitcoin reserve gets approved; I think Bitcoin will pump then probably rotate back,” Collective Shift founder and CEO Ben Simpson told Cointelegraph.
Bitcoin dominance will “start to fall”
Cointelegraph recently reported that after Trump’s winning the presidential election on Nov. 5, Wyoming Senator Cynthia Lummis — a Trump supporter, Republican and crypto advocate — said she would move forward with legislation for the US government to buy 1 million Bitcoin BTC $101,722 and hold it for at least 20 years.
As for the current market state, Simpson believes that Bitcoin dominance — a measure of how much of the crypto market’s total value belongs to BTC — will “start to fall” and the “rotation” into altcoins has “actually begun” after Bitcoin started consolidating “around $100,000” and altcoins started “to climb.”
At the time of publication, Bitcoin dominance is 56.63%, down 7.20% over the past 30 days, according to TradingView data.
Crypto trader Momin told their 140,000 X followers on Dec. 13 that they “expect this downtrend in dominance to continue and possibly see alts run pretty hard in the coming week.”
However, Simpson believes transitioning into altcoin season won’t be so straightforward.
“I think it will be pretty volatile; I don’t think it will be straight into altcoin season,” he added.
Bitcoin will continue to be “part of the portfolio” for institutions
Meanwhile, Bitfinex analysts told Cointelegraph that based on returns, many altcoins have not yet breached new all-time highs in terms of their return against Bitcoin, “hence proving that Bitcoin had always been a fruitful and competitive investment, even when compared against Altcoins.”
“We believe that even post any pull back, Bitcoin will continue to be part of the portfolio of major institutions and that interest in Bitcoin will continue to grow,” the analysts said.
Bitfinex analysts said that with Bitcoin now surpassing six figures, as long as it maintains strong demand, any upcoming dips will be short-term and possibly a buying opportunity for investors:
“At a price of 100K, there has continued to be sufficient spot buying to sustain this level, and currently, leverage levels are reasonable, so even if a dip occurs, which won’t be surprising during the holiday season, the price trend is healthy and shows reasonable strength in the market for any dip to be bought.”
“Believers in Bitcoin are also becoming more adamant about the asset being a perfect substitute for gold and a true store of value,” Bitfinex analysts added.
On Nov. 23, Cointelegraph reported that global investment manager VanEck had reissued its $180,000 price target for Bitcoin at the current cycle’s peak.
VanEck digital asset analysts Nathan Frankovitz and Matthew Sigel said the next phase of the crypto bull market is only “just beginning.”
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Cynthia Lummis, a pro-crypto U.S. Senator, has once again demonstrated her unwavering support for Bitcoin (BTC) by posting a laser eye meme on her official X (formerly Twitter) account. The laser eye meme is a popular symbol in the crypto community, signifying bullish sentiment and unwavering belief in Bitcoin’s future as a leading digital asset.

What the Laser Eyes Meme Represents
The laser eye meme gained popularity among Bitcoin supporters in early 2021 as part of the #LaserRayUntil100K movement, where proponents expressed optimism about Bitcoin’s potential to hit $100,000.
Symbolism: The red laser eyes signify a strong belief in Bitcoin’s role as a financial revolution.Community Engagement: Politicians, business leaders, and influencers have used the meme to align themselves with the pro-crypto movement.
By uploading this image, Lummis reinforces her position as one of the most vocal Bitcoin advocates in the U.S. government.
Cynthia Lummis: Bitcoin’s Ally in Congress
Advocate for Clear RegulationsLummis has consistently pushed for balanced crypto regulations that protect investors while fostering innovation.Bitcoin HolderAs a long-time Bitcoin holder, Lummis has openly shared her belief in Bitcoin as a store of value and hedge against inflation.Chairperson of Digital Assets SubcommitteeRecently appointed as Chairperson of the Digital Assets Subcommittee, Lummis is in a key position to shape U.S. cryptocurrency policies.
Community Reactions
Lummis’ laser eye meme upload has generated significant engagement on X:
Bitcoin Advocates ApplaudMany in the crypto community praised her public show of support, further solidifying her reputation as a pro-Bitcoin politician.Criticism from OpponentsCritics argue that her close ties to Bitcoin could bias her policymaking in favor of the cryptocurrency industry.Wider InfluenceThe post has already sparked discussions about the growing influence of cryptocurrencies in U.S. politics and policymaking.
Lummis and the Future of Bitcoin
As Bitcoin adoption continues to rise, Lummis’ advocacy signals a shift in political support for digital assets:
Mainstream AdoptionLummis’ actions could inspire other lawmakers to take Bitcoin seriously, promoting mainstream adoption.Shaping PolicyWith her role in the Digital Assets Subcommittee, Lummis is poised to lead efforts for crypto-friendly regulations in the U.S.Public EducationBy using popular memes, Lummis is helping to demystify Bitcoin and engage the general public in discussions about cryptocurrency.
Conclusion
Senator Cynthia Lummis’ laser eye meme upload on X is more than just a social media post—it’s a powerful statement of her unwavering support for Bitcoin and the cryptocurrency industry. As a prominent advocate in Congress, Lummis continues to champion policies that aim to bring clarity and legitimacy to the crypto space.
This act further highlights the growing role of Bitcoin and digital assets in shaping the future of finance and politics. With leaders like Lummis at the forefront, Bitcoin’s path toward mainstream acceptance seems more promising than ever.
To learn more about how political leaders are embracing cryptocurrencies, explore our latest articles on Bitcoin’s influence in global policymaking.
FAQs
Why did Cynthia Lummis post the laser eye meme?
The laser eye meme symbolizes bullish support for Bitcoin. Lummis’ post aligns with her advocacy for Bitcoin and digital assets.
What does the laser eye meme mean in the crypto community?
The meme represents strong belief in Bitcoin’s potential to revolutionize finance and its value as a long-term asset.
What role does Cynthia Lummis play in U.S. crypto policy?
As Chairperson of the Digital Assets Subcommittee, Lummis is a key figure in shaping cryptocurrency regulations in the U.S.
How has the crypto community reacted to Lummis’ post?
Bitcoin supporters have applauded her public endorsement, while critics argue that her support may bias her policymaking.
What does this mean for Bitcoin’s future?
Lummis’ advocacy reinforces Bitcoin’s legitimacy and could pave the way for clearer regulations and wider adoption.
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Robert Kiyosaki warned that if Fort Knox gold is missing, the U.S. economy could collapse, the dollar would crash, and global chaos could be inevitable.

Missing Fort Knox Gold Could Wreck Economy, Destroy Dollar, and Spark Global Turmoil
Robert Kiyosaki, author of Rich Dad Poor Dad, raised concerns about the U.S. economy after questioning the possibility of missing gold reserves at Fort Knox in a post on social media platform X on Feb. 22. His book, which has sold over 32 million copies, has been translated into more than 51 languages and remained on The New York Times bestsellers list for over six years.

“What if? What if Trump finds gold in Ft. Knox is missing?” he questioned. “I doubt gold is missing. I want to believe gold is there. But what if gold is missing?” The famous author warned:

The U.S. economy would collapse. The dollar would crash. The world would be in chaos. And inflation would wipe out millions of people, families, and businesses. $BTC $USDC $XRP
Recent discussions have emerged regarding the status of gold reserves at Fort Knox. President Donald Trump, during a recent speech, expressed intentions to visit Fort Knox with Elon Musk to verify the presence of the nation’s gold reserves. This follows Musk’s social media posts questioning the security of the gold stored there. The secrecy surrounding Fort Knox continues to fuel public speculation and calls for increased transparency.

To mitigate the risk of missing gold reserves at Fort Knox, Kiyosaki highlighted his preference for alternative assets, stating:

Just in case gold is missing… I own gold, silver, and bitcoin. The U.S. dollar will be toilet paper. Silver will be king.
The acclaimed author’s stance reflects his long-standing skepticism of fiat currency and belief in hard assets as protection against economic instability. He has frequently warned of the potential collapse of the U.S. dollar and encourages people to prepare accordingly. In addition to financial security, he has also suggested individuals consider personal safety measures. His message concluded with a reminder to remain vigilant and think critically about economic risks, urging people to ask themselves: “What if?”
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Bitcoin has soared past $100,000 for the first time, driven by the re-election of Donald Trump as U.S. President. His pro-crypto policies, institutional support, and endorsements from tech visionaries like Elon Musk and Paul Durov have fueled the rally. 🌟

🌐 Key Drivers Behind Bitcoin’s Meteoric Rise 🚀

🌟 Trump’s Pro-Crypto PoliciesRe-elected in November 2024, Trump vowed to make the U.S. the “crypto capital of the planet.” Plans for a national Bitcoin reserve and the appointment of crypto advocate Paul Atkins to lead the SEC have energized the market. 💼⚡🏦 Institutional BuyingMajor players have acquired 3% of Bitcoin’s total supply in 2024. ETFs launched this year attracted $4 billion in investments, creating a supply squeeze and boosting demand. 📈💰🛠 Endorsements by VisionariesElon Musk integrated Bitcoin into X (formerly Twitter), while Paul Durov’s Telegram expanded its crypto capabilities. Their efforts continue to push Bitcoin toward mainstream adoption. 🌌💡📊 Mainstream Financial AcceptanceBitcoin is now a staple in institutional portfolios, alongside traditional assets like foreign exchange and commodities, signaling its growing legitimacy. 💳📈✨ The Road Ahead 🌠
With Trump’s leadership promising a crypto-friendly future, Bitcoin’s momentum is expected to continue. Analysts foresee a new era where Bitcoin plays a pivotal role in the global financial ecosystem. 🛸💎
Bitcoin’s journey to $100,000 isn’t just a milestone it’s a testament to its evolution into a central player in the financial universe. 🌟🚀✨
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