President Donald Trump signed an executive order on February 3, and called for the creation of a sovereign wealth fund.
This is followed by his previous order to create a national stock of digital assets, indicating an increase in the focus on strategic financial reserves.
Bitcoiners Trump
The executive order, Minister of Treasury and Minister of Commerce, directs a comprehensive plan within 90 days to establish the fund.
“The United States can take advantage of these returns to enhance financial sustainability, reduce the burden of taxes on American families and small companies, establish long -term economic security, and promote American economic and strategy at the international level,” to request Read.
For context, sovereign wealth funds are state -owned investment funds that manage surplus reserves. These are usually obtained from commercial surpluses, basic commodity revenues or financial abuses.
These funds are invested in a variety of assets, including stocks, bonds, real estate and infrastructure, locally and internationally. The goal is to ensure long -term financial stability and economic growth.
Although the executive thing was clearly not mentioned Bitcoin (BTC) or other cryptocurrencies, the advertisement raised enthusiasm among Bitcoin’s advocates due to Senator Centeh Lomes’s response. Loms, the defender known for the strategic bitcoin reserves and head of the Senate Banking Services Committee, the reaction of the Digital Assets Committee, to the news on X (previously Twitter).
“This is a deal ₿ig,” is to publish.
Using it for the symbol “₿” feeding the hopes of including Bitcoin in the box.
“After Trump signed the request, the United States will buy Bitcoin to the sovereign wealth fund and will be called it as strategic Bitcoin reserves,” one of the users. to reply On x.
It is worth noting that the Trump market’s possibilities create the Bitcoin Reserve in the first 100 days on the prediction platform, Polymarket has been improved to 18 % after. The possibilities decreased from 48 % on the opening day to 13 % by February 1.
Trump’s former executive order was also identified on the stock of digital assets on a large scale “digital assets” without expressing Bitcoin explicitly.
The term “digital assets” indicates any digital representation of the value recorded on the distributor’s book, including cryptocurrencies, digital symbols, and stablecoins, to request I mentioned.
The coding momentum grows at the state level
Meanwhile, amid speculation, many American countries are strengthening their encrypted currency initiatives. Origon, New Jersey, Mississippi, and Indiana recently provided bills to enhance the adoption of encryption and organizational clarity.
Oregon HB2071 Grant Blockchain users specific rights. It prevents government governments and local governments from restricting digital asset activities. It also exempts some Blockchain transactions from the Law of Money Transmission Devices in Oregon.
New Jersey Assembly Bill 2249 (The Blockchain Digital Assets and Technology Law establishes an organizational framework for digital asset companies and creates digital asset enforcement fund for control.
Mississippi HB 1590 (Blockchain Basics Law) Government and local governments prohibit the implementation of the Central Bank of Central Bank (CBDC) and the protection of self -fraud. It also exempts encryption transactions less than $ 200 from capital profit tax and remove licensing requirements for mining and wandering.
Indiana Home Law draft 1156 It protects the right to use, store and accept digital assets. It prevents local restrictions on encryption transactions and ensures classification of mining digital assets as an industrial activity permitted.
Indiana has also introduced a draft law of parliament 1322, which enhances Blockchain and investment strategies in Bitcoin.
Disintegration
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