Trump Launches Sovereign Wealth Fund: Will Bitcoin Be Included?

Trump signs an executive order for a US sovereign wealth fund. Experts wonder: Will bitcoin be included? Find out the implications for cryptos.

President Trump signed the detailed 90-day plan to create a sovereign wealth fund. The order signed on 3 February has raised expectations among Bitcoin enthusiasts.

Trump recently ordered the establishment of adigital cryptocurrency reserve. Along with the digital currency reserve and sovereign wealth fund, the future seems to be moving towards a focus on strategic financial reserves.

The executive order requires the Secretary of the Treasury and the Secretary of Commerce to work together to create a detailed 90-day plan for the establishment of the sovereign wealth fund.

The order states:

"The United States can leverage these yields to promote fiscal sustainability, reduce the burden of taxes on American families and small businesses, ensure long-term economic security, and promote US economic and strategic leadership internationally."

To understand it better, sovereign wealth funds are government funds used to manage excess reserves. These funds come from commodity reserves, fiscal surpluses and trade surpluses. They are invested in a wide range of assets, such as stocks, real estate and bonds. The main objective of these funds is to ensure financial stability and economic growth.

The executive order does not explicitly mention Bitcoin or other cryptocurrencies. However, the announcement of the sovereign wealth fund has raised the hopes of crypto enthusiasts due to a post by Cynthia Lummis.

Lummis, a well-known supporter of Bitcoin reserve and chair of the Senate Banking Committee, wrote on X (formerly Twitter):

"This is a ₿ig deal."

The use of the ₿ symbol in the post sparked debates about the possible inclusion of Bitcoin in the fund.

This is a ₿ig deal. https://t.co/ZShfQcEGwc
- Senator Cynthia Lummis (@SenLummis) February 3, 2025

Cryptocurrency Pushes Change at State Level

Many states in the United States are adopting cryptocurrencies and launching industry-related initiatives. Indiana, Mississippi and Oregon have introduced bills to promote the effective adoption of crypto.

Oregon's bill HB2071 grants specific rights to users. The law prevents local authorities from banning digital asset transactions and exempts certain blockchain transactions from the Oregon Money Transmitters Act.

Missississippi's Blockchain Basics Act prohibits local governments from creating central bank digital currencies (CBDCs). The law also protects custodial rights and provides tax exemption for crypto transactions of less than $200.

New Jersey has also introduced Bill 2249. The Digital Asset and Blockchain Technology Act establishes a regulatory framework for companies and creates a fund to oversee the industry.

Finally, Indiana introduced the Bill HB1156, which protects the right to use and store digital assets. The law prevents local authorities from restricting cryptocurrency transactions and recognises crypto mining as a legal industrial activity.