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Trump Administration Announces Creation of National Investment Fund
The post Trump Administration Announces Creation of National Investment Fund appeared on BitcoinEthereumNews.com. TLDR Trump signs executive order to create first-ever U.S. sovereign wealth fund within 12 months Bitcoin price jumps to $102,050, up 4% following the announcement Senator Cynthia Lummis hints at potential Bitcoin connection with cryptic “₿ig deal” tweet Norway’s sovereign wealth fund already holds $400M in Bitcoin indirectly Newly appointed crypto czar David Sacks to hold first press conference on U.S. digital asset leadership The United States is set to establish its first-ever national sovereign wealth fund, following an executive order signed by President Donald Trump on Monday. The announcement comes as cryptocurrency markets show renewed strength, with Bitcoin trading above $102,000. The executive order mandates the creation of a U.S. sovereign wealth fund within the next 12 months, marking a historic shift in American financial policy. While several U.S. states, including Alaska and Texas, currently operate their own wealth funds, this would be the first such fund at the federal level. Sovereign wealth funds are government-owned investment vehicles that typically take state revenues and invest them in various assets such as stocks, bonds, and real estate. These funds often derive their capital from natural resource exports and aim to create sustainable long-term returns for their respective nations. The announcement sparked immediate reaction from the cryptocurrency community, particularly after Senator Cynthia Lummis (R-WY) posted a message on X (formerly Twitter) calling it a “₿ig deal,” using the Bitcoin symbol. The Wyoming senator, known for her pro-cryptocurrency stance, has been a vocal advocate for Bitcoin adoption at the federal level. This is a ₿ig deal. https://t.co/ZShfQcEGwc — Senator Cynthia Lummis (@SenLummis) February 3, 2025 The crypto markets responded positively to the news, with Bitcoin’s price increasing by 4% to reach $102,050. Other cryptocurrencies also saw gains, with Ethereum rising by 12% to surpass $2,800, while XRP, Dogecoin, and Cardano each gained…
The post Trump Administration Announces Creation of National Investment Fund appeared on BitcoinEthereumNews.com.
TLDR Trump signs executive order to create first-ever U.S. sovereign wealth fund within 12 months Bitcoin price jumps to $102,050, up 4% following the announcement Senator Cynthia Lummis hints at potential Bitcoin connection with cryptic “₿ig deal” tweet Norway’s sovereign wealth fund already holds $400M in Bitcoin indirectly Newly appointed crypto czar David Sacks to hold first press conference on U.S. digital asset leadership The United States is set to establish its first-ever national sovereign wealth fund, following an executive order signed by President Donald Trump on Monday. The announcement comes as cryptocurrency markets show renewed strength, with Bitcoin trading above $102,000. The executive order mandates the creation of a U.S. sovereign wealth fund within the next 12 months, marking a historic shift in American financial policy. While several U.S. states, including Alaska and Texas, currently operate their own wealth funds, this would be the first such fund at the federal level. Sovereign wealth funds are government-owned investment vehicles that typically take state revenues and invest them in various assets such as stocks, bonds, and real estate. These funds often derive their capital from natural resource exports and aim to create sustainable long-term returns for their respective nations. The announcement sparked immediate reaction from the cryptocurrency community, particularly after Senator Cynthia Lummis (R-WY) posted a message on X (formerly Twitter) calling it a “₿ig deal,” using the Bitcoin symbol. The Wyoming senator, known for her pro-cryptocurrency stance, has been a vocal advocate for Bitcoin adoption at the federal level. This is a ₿ig deal. https://t.co/ZShfQcEGwc — Senator Cynthia Lummis (@SenLummis) February 3, 2025 The crypto markets responded positively to the news, with Bitcoin’s price increasing by 4% to reach $102,050. Other cryptocurrencies also saw gains, with Ethereum rising by 12% to surpass $2,800, while XRP, Dogecoin, and Cardano each gained…
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