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🗞️ Trump Approves US Sovereign Wealth Fund
PLUS: Did Saylor stop buying Bitcoin?
Hello, this is Coinscript.
In today’s episode:
✍️ Trump Approves US Sovereign Wealth Fund
1️⃣ Did Saylor stop buying Bitcoin?
TOP STORY
Trump Approves US Sovereign Wealth Fund
Great! But what is this, and why is it important for crypto?
Trump signed an executive order to create what’s known as a Sovereign Wealth Fund, something 90+ other countries already have but the US has somehow missed out until now.
Think of it as a national savings account, typically filled with a diverse range of assets like stocks, ETFs, and now potentially Bitcoin too!
This kind of national savings also gives the US government the power to buy TikTok, as Trump hinted in one of his announcements.
WHY IS THIS IMPORTANT FOR CRYPTO?