President Donald Trump signed an executive order to create a sovereign wealth fund, with Treasury Secretary Scott Benson (who has also been named as the acting director of the Consumer Financial Protection Bureau) and Commerce Secretary Howard Lutnick tasked to propose plans in 90 days.
Sovereign wealth funds, typically funded by surplus revenue or natural resources, manage government investments. Trump even suggests the fund could buy a stake in TikTok.
Watch the video above to hear Catalysts anchors Madison Mills and Seana Smith discuss more on this.
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This post was written by Josh Lynch