Trump Signs Executive Order to Create U.S. Sovereign Wealth Fund
According to the recent report BloombergUS President Donald Trump signed an administrative order on Monday to order the US Department of Finance and the commercial department to create a sovereign wealth fund.
Trump said in an oval office on Monday: “We have huge potential.” He shared that the Minister of Finance Scott Bessent and the Minister of Commerce Howard Lutnick will be responsible for this work. Bessent and Trump stand together, emphasizing that the fund will be established in the next 12 months, calling it a key issue of “huge strategic importance”.
The move aims to establish an important government -controlled investment fund, and it is possible that the United States, Norway, and Saudi Arabia can become the main participants in the global market. The establishment of the fund has triggered discussions on how to finance, management, and its investment strategies, especially considering a large number of Treasury bonds in the United States. This development is regarded as a strategic step in domestic and international impact impacts
Trump said the fund may be used to buy Tiktok. TIKTOK has about 170 million U.S. users, which requires the Chinese owner to sell or face a ban on January 19. Administrative order. He said he was talking with several buyers and hoped to decide the future of Tiktok in February.
Sovereign Fortune Fund (SWF) is a state -owned investment fund composed of assets such as stocks, bonds, real estate and other financial instruments. The government creates these funds to meet specific economic goals. Usually, budget surplus, foreign currency operation, privatization, government transfer or resource export revenue.
However, whether BTC and other digital assets are included in it.
