CosmicTaco

Trump Proposes Sovereign Wealth Fund to Buy TikTok

CosmicTaco · 2025-02-04T09:34:01.227231+05:30

- President Trump signed an executive order to create a sovereign wealth fund, potentially to purchase TikTok. - Treasury Secretary Scott Bessent and Commerce Secretary nominee Howard Lutnick will lead the fund's creation, pending Congress approval. - Trump suggests the fund could finance national projects, but details on funding and management remain unclear. Source: [Upi](https://www.upi.com/Top_News/US/2025/02/03/Trump-soverign-wealth-fund-creation/5821738616016/), [Salon](https://www.salon.com/2025/02/03/wants-sovereign-wealth-fund-for-possible-tiktok-purchase/), [Fox News](https://www.foxnews.com/politics/what-we-know-about-trump-administrations-plans-sovereign-wealth-fund)

President Trump signed an executive order to create a sovereign wealth fund, potentially to purchase TikTok.
Treasury Secretary Scott Bessent and Commerce Secretary nominee Howard Lutnick will lead the fund's creation, pending Congress approval.
Trump suggests the fund could finance national projects, but details on funding and management remain unclear.

Source: Upi, Salon, Fox News