Trump Signs Order for Sovereign Wealth Fund, Bitcoin Links Spark Interest

In order to pave the way for future changes in government financial strategy, former US President Donald Trump signed an executive order creating a sovereign wealth fund. Key financial leaders attended the signing on Monday afternoon.

The candidate for Commerce Secretary, Howard Lutnick, has publicly endorsed cryptocurrencies. Additionally, Treasury Secretary Scott Bessent has expressed a moderate level of interest in the area. Tether’s enormous sovereign debt reserves are held by Bessent’s bond trading company, Cantor Fitzgerald, and Lutnick has admitted to having a sizable Bitcoin (BTC) holding.

Speculation Over Bitcoin’s Role

The sovereign wealth fund is anticipated to come into being within the next 12 months, Bessent said during the Oval Office event. The U.S. government may be able to hold cryptocurrency assets through such a fund, according to industry observers, even if Bitcoin was not specifically addressed at the signing.

Because of Bessent’s financial connections and Lutnick’s pro-crypto views, analysts are keeping a careful eye on how digital assets may play a role in this new project. The inclusion of Bitcoin in the sovereign wealth plan may signal a dramatic change in U.S. economic policy.