Bitcoin Price (BTC) wins after Trump Executive Order for SOVEREIGN WEALTH Fund

US President Donald Trump signed an executive order on Monday afternoon accusing the Treasury and the trade departments of creating a sovereign wealth fund.

While Finance Minister Scott Bessent has expressed at least cautious interest in crypto, trade secretary nominated Howard Lutnick has been a high master of the sector. His Bond Trading Powerhouse Cantor Fitzgerald is a custodian for stableecoin Giant Tether’s massive possessions of government papers, and Lutnick has even talked about his own personal massive exposure to Bitcoin (BTC).

Bessent, who performed with Trump in the Oval Office on Monday, said he expected the sovereign wealth fund to be created for the next 12 months. While Bitcoin was reportedly not mentioned by signing, a superb property fund could potentially be a vehicle through which the government might buy and hold the crypto.

Bitcoin Rose Rose modest for $ 99,600 in the wake of Executive Order News.