The White House Rejects Trump's Sovereign Wealth Fund Proposal! The Fate of the U.S. Sovereign Fund Remains Uncertain!

The U.S. sovereign wealth fund plan faces significant challenges! The White House rejected some proposals put forward by Trump’s advisors, leading to more uncertainty. According to CBS reports, Trump requested the Treasury and Commerce Departments to design a sovereign wealth fund, but the White House disagreed with some of its contents.

Key Background:

In February, Trump issued an executive order requiring the establishment of a wealth fund framework within 90 days, with plans to announce it in May. However, this order sparked speculation about whether the fund would acquire Bitcoin.

Despite Trump's cryptocurrency advisor indicating that Bitcoin could be included in the fund, the plan still focuses on traditional investments such as stocks and warrants. Trump also signed another order to establish a strategic Bitcoin reserve, showing his interest in digital assets.

Latest Developments:

A White House spokesperson stated that while the Treasury and Commerce Departments have drafted a response plan, it has not yet been decided whether to implement the fund. The specific uses of Trump’s plan have not been determined, although he has considered acquiring shares of TikTok through the fund.

Despite unresolved budget deficit issues, Trump’s wealth fund will raise funds through tariffs and other sources of income, but it is still uncertain whether tariffs will directly support the fund.

Future Outlook:

The structure and purpose of the sovereign wealth fund are still under discussion, and a formal announcement may not be made in the short term. The U.S. attitude toward cryptocurrencies will also impact future decisions, and Trump’s fund plan remains in a state of uncertainty.