U.S. Government Considers Establishing Sovereign Wealth Fund Amid White House Concerns

According to BlockBeats, senior advisors to U.S. President Donald Trump have submitted a plan to create a government-operated investment fund. This initiative was requested by President Trump earlier this year. However, the White House has raised objections to certain aspects of the proposal. President Trump tasked Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick with jointly developing the proposal for a U.S. sovereign wealth fund, aiming for submission by early May. Multiple sources indicate that the proposal has been submitted, but the White House has expressed concerns regarding the approach taken by the Treasury Department, according to one source. Discussions about the fund's operational mechanisms are ongoing, and no official plans have been announced, another source mentioned. A White House spokesperson stated, "In accordance with President Trump's executive order, the Treasury and Commerce Departments have developed a plan for a sovereign wealth fund, but no final decision has been made." The spokesperson added, "The administration remains committed to using all available tools to execute President Trump's directives and ensure the nation's economic and national security."