Trump Pushes for a Federal Sovereign Wealth Fund: What’s Next? – BitRss

President Trump has signed an executive order for the establishment of a federal sovereign wealth fund. The U.S. Department of Treasury and the Department of Commerce will be responsible for creating this fund. This order signals the introduction of a new investment tool in addition to existing practices.

The Federal Sovereign Wealth Fund

The sovereign wealth fund is designed to assess the increased revenues the government generates. It operates on the principle of utilizing surplus revenues derived primarily from natural resources to promote long-term economic growth and financial stability. This model, previously applied at the state level in the U.S., marks its first adaptation at the federal level.

Cryptocurrencies will not be used to support Trump’s fund. A previously signed decree for the establishment of cryptocurrency stock at the federal level was a move to “investigate the topic.” There could be scenarios in the future where cryptocurrencies are incorporated, possibly through the U.S. issuing its stablecoin and channeling its revenues into the federal wealth fund.

Potential Applications and Implementation Process

One of the propo…