The president of the United States, Donald Trump, signed an executive order on Monday afternoon accusing the Treasury and Commerce departments for the creation of a sovereign wealth fund.
While the secretary of the Treasury, Scott Besent, has expressed at least a cautious interest in cryptography, the nominated for Secretary of Commerce Howard Lutnick has been a strong champion for the sector. Its trade power of Cantor Fitzgerald bonds is the custodian of the huge participations of the government paper of the Stablecoin Tether giant, and Lutnick himself has spoken about his own personal mass exposition to Bitcoin (BTC).
Appearing with Trump in the Oval office on Monday, Besent said he expected the sovereign of wealth to be created in the next 12 months. Although, according to reports, Bitcoin was not mentioned in the firm, a background of sovereign wealth could be a vehicle through which the government could buy and maintain cryptography.
Bitcoin increased modestly to $ 99,600 following the news of the executive order.
