Lummis suggests that Trump's sovereign wealth can buy Bitcoin

The Wyoming senator, Cynthia Lummis, hinted that the United States could soon start buying bitcoin, after the executive order of President Donald Trump to establish a fund of sovereign wealth.

“This is a ₿ig treatment,” Lummis said on February 3 x <a target="_blank" href="https://x.com/senlummis/status/1886503370254426323″>mail In response to Trump signed by the new executive order, while including the btc logo in its publication.

Trump kicks the creation of sovereign wealth funds from the United States

President Triumph He signed the executive order for a sovereign wealth fund in the United States during a press event on February 3 at the Oval Office. The Order addresses Treasury Secretary Scott Besent and the Secretary of Commerce Howard Lutnick to initiate the process “that hopefully will result in the creation of a fund of American sovereign wealth.”

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”6.9893617021277″>

Happening now: President Trump signs an executive order that asks for the creation of a sovereign wealth fund pic.twitter.com/smkbg3buwx

– Karoline Leavitt (@presssec) <a target="_blank" href="https://twitter.com/PressSec/status/1886474248455086456?ref_src=twsrc%5Etfw”>February 3, 2025

The president's order will promulgate “within the next 12 months,” said Bisesent during the event. Neither Trump, Besent nor Lutnick specifically declared that the background, if established, would invest in crypts such as btc. However, they suggested that the government could buy Tiktok.

“To both as bitcoin ” <a target="_blank" href="https://x.com/WayneVaughan/status/1886478476397457518″>Wayne Vaughan said in x, referring to Besent and Lutnick. “I would say that there is a 100% probability that buy bitcoin. “

Trump's executive actions face rejection

Trump has signed several executive orders since he returned to the White House on January 20. Many of these orders have faced immediate violent reactions of organizations and authorities that question Trump's power to promulgate laws through executive actions.

In one case, a federal judge blocked an order that tries to revoke the citizenship of birth law under the 14th amendment to the Constitution of the United States. The judge described the “blatantly unconstitutional” action.

Trump also imposed import duty In Canada, Mexico and China. This ignited the fears of a global commercial war and a slowed economic activity, which affected risk assets such as Cryptos. btc fell below the $ 100K brand over the weekend as a result of market uncertainty.

Despite Trump's announcement that he would stop the rates for at least 30 days, btc continues to operate below the psychological level of $ 100K to $ 99,434.09 from 1:24 am est.

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