🇺🇸 Trump signs an executive order to create US Sovereign Wealth Fund

US President Donald Trump signed an executive order instructing the Treasury and Commerce Departments to establish a U.S. sovereign wealth fund. He assigned Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick the task of developing the foundation for the fund, which will likely need congressional approval.

Senator Cynthia Lummis suggested on X that this could be significant for bitcoin.