The US Treasury and the Ministry of Commerce will establish the Sobulin Wealth Fund in accordance with the new presidential decree, President Donald Trump, signed on Monday.
According to Trump, the Sobulinwealth Fund, a national investment fund with various financial assets such as stocks and bonds, can make a bill to buy Titoku.
“We’re probably going to do something with Tactoku, but it’s probably not,” Trump told reporters on Monday. “If we do the right transaction, we will do it, otherwise we will not.”
“But we were able to publish it as an example,” said Trump. “And we have many other things that we can put in the fund, and I think we have one of the largest funds in a short period of time.”
Trump will sign the presidential order that delays Titoku ban for 75 days because the future of the app remains uncertain.
The US Treasury and the Ministry of Commerce will establish the Sobulin Wealth Fund in accordance with the new presidential decree, President Donald Trump, signed on Monday. (Washington Post via Getty Image)
Norwegian and Saudi Arabia countries use the Sobrignwels Fund, as in the United States.
Finance Secretary Scott Bessent said that the Soblinwels fund will be created within the next 12 months.
“I think it will create value and will be very important strategically,” Bessent told reporters on Monday.
According to the White House, Bessent and the Secretary of Commerce, Howard Lutonic, have been instructed to plan the plan in the next 90 days to create a fund. This proposal includes recommendations on fund procurement mechanisms, investment strategies, fund structures, and governance models.
Details of the Sobulin Wels Fund cannot be used immediately, and it is unknown whether the parliament will register it.
Trump will nominate Secretary of Finance Scott Bessent as a deputy director of the Consumer Finance Bureau.
The secretary of the Ministry of Finance Scott Bessent, which was drawn here in January, stated that the Soblinwealth Fund would be created within 12 months, saying that this initiative is one of the strategic importance. Ta. (Getty)
However, Trump was interested in sovereignty funding in the campaign trail in 2024, and poured into a wealth fund using tariff income and paid to projects such as highway, airports, and medical research using the money. I signaled.
In addition, D-KY. Morgan McGarvey has introduced a law called the US Government Fund Exploration Act in September 2024, studying ways to establish a sobringwells fund in the United States.
Meanwhile, Trump, on the other hand, weighed several times about Tactoku’s future and talked to multiple parties who were interested in purchasing apps.
Tactoku temporarily became offline for US users in January after the Supreme Court supported the ban on social media platforms, but Trump was in office a few hours on January 20 and 75 days. Signed a presidential order that delayed Tactoku’s ban.
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The US Supreme Court supported Tactoku in January with national security concerns under the ownership of social media platforms. (AP communication)
Supreme Court’s unanimous ruling regarding the ban on Tiku quoted concerns about national security, especially for “relationship with foreign enemies” and app data collection practices.
However, Mr. Trump said in a presidential decree that delays the “US national security, foreign policy implementation, and its own constitutional responsibilities for other important administrative functions”.
“In order to fulfill these responsibilities, I consulted with advisors, including the head of the national security concerns proposed by Tactoku, including the head of the institution, and saved the platform used by 170 million Americans. He intends to pursue a resolution to protect the national security, “Trump said in the Presidential Ordinance.” My administration has also examined delicate intelligence related to these concerns. You must evaluate the sufficientness of the healing measures. “
AP communication and Fox News Andrea Margolis have contributed to this report.
Diana Stations is a political reporter of Fox News Digital covering the White House.
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