U.S. Sovereign Wealth Fund Plans on Hold Amid Other Priorities

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The U.S. Treasury Secretary has halted the sovereign wealth fund initiative to focus on pressing issues, signaling a shift in priorities. This delay could impact investor confidence and reshape future financial strategies.

According to BlockBeats, U.S. Treasury Secretary Besent announced that plans for the sovereign wealth fund have been suspended until other matters are addressed. Earlier, on May 8, a White House spokesperson stated that under U.S. President Donald Trump's executive order, the Treasury and Commerce Departments had developed plans for the sovereign wealth fund, but no final decision has been made.

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U.S. Sovereign Wealth Fund Plans on Hold Amid Other Priorities

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