According to a recent report from BloombergUS President Donald Trump signed an executive order on Monday an order of US treasury and trade administrations to create a sovereign wealth fund.
“We have huge potential,” Trump commented on Monday at the Oval Office, where he unveiled the new initiative. He participated in the fact that Treasury Secretary Scott Bessin and the candidate of Trade Minister Howard Lottenic will take over this effort. Bessent, who stands alongside Trump, stressed that the fund will be established within the next 12 months, describing a major issue of “great strategic importance.”
This step aims to create a large investment fund controlled by government, which is likely to place the United States as a major player in global markets, along with countries such as Norway and the Kingdom of Saudi Arabia. The establishment of the fund sparked discussions on how to finance it, manage it and what the investment strategies will focus on, especially given the National debt of America. This development is seen as a strategic step to enhance the American economic impact at the local and international levels
Trump indicated that this box can be used to buy Tiktok. Tiktok, which includes about 170 million American users, was temporarily transferred to non -communication in front of a law requesting its Chinese owner, Boufus, to sell or confront a valid ban on January 19. Executive order. He said he was talking with many buyers and is expected to decide the future of Tiktok in February.
The Sovereign Resources Fund (SWF) is a state -owned investment fund consisting of assets such as stocks, bonds, real estate and other financial tools. Governments create these funds to achieve specific economic goals, and money is often used from budget surpluses, foreign currency operations, privatization, government transfers, or resource export revenues.
However, it remains to see whether BTC and other digital assets will be included in it.
