US President Donald Trump signed an executive decree on Monday afternoon, in charge of the Treasury and Trade services to create a sovereign wealth fund.
While the secretary of the Treasury Scott Bessent expressed an interest at least cautious for the crypto, the candidate of the commercial secretary Howard Litnick was a noisy champion for the sector. His power of negotiation of bonds Cantor Fitzgerald is the guardian of the stable of the stable giant, the massive assets of government paper, and Larnick himself spoke of his own massive personal exposure to Bitcoin (BTC).
Appearing alongside Trump in the oval office on Monday, Bessent said he expected the sovereign fund to be created over the next 12 months. Although Bitcoin was not mentioned at the signing, a sovereign fund could potentially be a vehicle through which the government could buy and hold the crypto.
Bitcoin increased modestly to $ 99,600 following the news of the executive order.
