Trump's Executive Order Could Lead to US Bitcoin Purchases

"President Donald Trump recently issued an executive order to establish a U.S. National Wealth Fund," said Cynthia Lummis, U.S. Senator for Wyoming.
"The fact that it has been activated is a major event for Bitcoin (BTC)," he said. On the 3rd (local time), President Trump spoke at a press conference held in the Oval Office of the White House about the national wealth fan.
The executive order was signed by Secretary of the Treasury Scott Bessent.
Bessent and Secretary of Commerce Howard Rutnick
Lutnick to "initiate procedures which may lead to the creation of a US Sovereign Wealth Fund."
According to Treasury Secretary Bessent, the order will be implemented within the next 12 months and will leverage U.S. balance sheet assets to
However, he did not specify whether the fund, if established, would invest in cryptocurrencies such as Bitcoin.
Meanwhile, Senator Cynthia Lummis said that after the signing of the executive order, the US Sovereign Wealth Fund would be allowed to purchase Bitcoin through X.
Bitcoin advocate Wayne Vaughan also said, "Both Bessent and Lutnick are using Bitcoin.
"I see it positively," he said, arguing that "there is a possibility that they could design a sovereign wealth fund to invest in crypto assets."