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International Business Times
International Business Times
Business
Marvie Basilan

US Sovereign Wealth Fund: Will It Hold Crypto? Trump's Ally Lummis Drops Big Hint

U.S. Secretary of Treasury Scott Bessent speaks as President Donald Trump and U.S. Secretary of Commerce nominee Howard Lutnick look on after Trump signed an executive order to create a U.S. sovereign wealth fund, in the Oval Office of the White House on February 3, 2025, in Washington, D.C. (Credit: JIM WATSON/AFP via Getty Images)

KEY POINTS

  • Trump issued an executive order to establish a sovereign wealth fund
  • Lummis, a Trump ally, seemed to suggest the fund will consider holding Bitcoin
  • Some users believe the fund may consider holding other crypto assets too

U.S. President Donald Trump has signed an executive order (EO) to establish a sovereign wealth fund, and it has become a huge topic of discussion in the cryptocurrency community on X as questions emerged on whether the fund will hold crypto.

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