Trump’s Sovereign Wealth Fund – Could Bitcoin Be in Play?
President Donald Trump signed an administrative order on February 3 calling for the establishment of a sovereign wealth fund.
This is his previous order to establish a state digital asset inventory, which shows that the attention of strategic financial reserves is increasing.
Bitcoin Eye Trump’s Sovereign Fortune Fund
Administrative orders instructed the Minister of Finance and the Minister of Commerce to formulate a comprehensive plan to create a fund within 90 days.
“The United States can use this return to promote the sustainability of finance, reduce the tax burden on American families and small enterprises, and establish a long -term economy SafetyPromoting the US economy and strategic leadership internationally, ” Order read.
As far as the background is concerned, the sovereign wealth fund is a state -owned investment fund that manages surplus reserves. These usually come from trade surplus, commodity income or over -fiscal.
These funds are invested in a variety of assetsIncluding stocks, bonds, real estate and infrastructure, whether it is domestic or international. The purpose is to ensure long -term financial stability and economic growth.
Although the administrative order is not clearly mentioned Bitcoin (BTC) Or other cryptocurrencies, due to the response of Senator Cynthia Lummis, the announcement caused the enthusiasm of Bitcoin supporters. Lummis, the famous supporter Strategic Bitcoin Reserve and Chairman of the Digital Assets Committee Committee of the Senate Banking Group CommitteeA response to the news on X (previously twitter).
“This is a transaction,” she PublishEssence
Her use of the “” symbol inspired Bitcoin to include it in the fund.
“After signing the order in Trump, we will Buy Bitcoin For sovereign wealth funds, they call it a strategic Bitcoin reserve. answer On X.
It is worth noting that Trump’s market odds on the establishment of Bitcoin reserves in the first 100 days increased to 18 % after PolyMarket, PolyMarket. The odds fell from 48 % on the day of the inauguration to 13 % on February 1.
Trump earlier Administrative orders for digital asset inventory It has not clearly mentioned the widely defined “digital assets” of Bitcoin.
The term “digital asset” refers to any number representatives recorded in a distributed classification account, including cryptocurrencies, digital token and stablecoins, ” Order statement.
Encryption momentum is growing in the state level
At the same time, in guess, a few The US state is advancing its own cryptocurrency planEssence Oregon, New Jersey, New Jersey, Mississippi and Indiana have recently proposed a bill to promote the use of encryption and definition of regulations.
Oregon Hb2071 A granted specific rights of blockchain users. It prevents state and local governments from restricting digital asset activities. It also exempts some blockchain transactions from the Oregon Currency Launch Mechanism.
New Jersey Convention Act 2249 (Digital Assets and Blockchain Technology Law) Established a regulatory framework for the digital asset business, and created a digital asset law enforcement fund for supervision.
Mississippi HB 1590 (Blockchain Basic Act) prohibit state and local governments from implementing the central bank’s digital currency (CBDC) and guarantee measures of self -customer rights. It also exempted encryption transactions Capital gain tax 200 US dollars Delete the license requirements for mining and stacking operations.
Indiana Housing Act 1156 Protection, storage and accepting the right to digital assets. It can prevent local restrictions on encrypted transactions and ensure that digital asset mining is classified as allowed industrial activities.
Indiana also proposed the 1322 House of RepresentativesPromote the investment strategy of blockchain and Bitcoin.
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