President Trump signed the executive order for a US sovereign wealth fund during a Feb. 3 press event in the Oval Office. The order directs Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick to initiate the process “that will hopefully result in the creation of an American sovereign wealth fund.”

President Donald Trump signed an executive order on Monday to create the first-ever U.S. Bitcoin rallied to nearly $100,000, boosted by speculation that the currency may be among the assets included in the fund.

"Given the current administration's well-articulated support of digital assets, it is highly likely the sovereign wealth fund announced today will include Bitcoin and possibly oth

Sen. Cynthia Lummis of Wyoming fueled talks in the crypto community about the U.S. sovereign wealth fund potentially holding Bitcoin after she posted on X using the top cryptocurrency's symbol.