Trump Orders Creation of US Sovereign Wealth Fund
- President Donald Trump signed an executive order to establish a US sovereign wealth fund within a year.
- The fund could be financed through tariffs and other revenue streams, despite the US budget deficit.
- Commerce Secretary nominee Howard Lutnick, a Bitcoin advocate, is involved in the initiative.
- The initiative may include potential investments in Bitcoin and acquisition of TikTok.
- Treasury Secretary Scott Bessent stated the fund would be operational within the next 12 months.
President Trump has directed the creation of a sovereign wealth fund, with potential financing from tariffs, and involvement from Bitcoin advocate Howard Lutnick. The fund aims to be operational within a year.
Source (2.6)https://cryptobriefing.com/us-sovereign-wealth-fund-bitcoin/?rand=59535
