Trump Announces US Sovereign Wealth Fund, Hints At TikTok Ownership: ‘I Have The Right To Do That’

President Donald Trump announced the creation of the first-ever U.S. sovereign wealth fund through an executive order on Monday.

The fund, which aims to “monetize the asset side of the U.S. balance sheet for the American people,” will leverage government-owned assets to generate economic value, Treasury Secretary Scott Bessent said while speaking to the media at the White House.

“We’re going to have a Sovereign Wealth Fund, which we’ve never had,” Trump told reporters in the Oval Office.

Bessent indicated the fund would include a variety of “liquid assets” and strategic holdings within the U.S. economy.

“The extraordinary size and scale of the U.S. government and the business it does with companies should create value for American citizens,” he stated.

President Eyes TikTok Inclusion, No Bitcoin Mention

While details remain limited, Trump indicated the fund could include the Chinese-owned social media platform TikTok.

“For example, TikTok—we’re going to be doing something perhaps with TikTok, and perhaps not. If we make the right deal, we’ll do it, otherwise, we won’t,” Trump said, adding, “I have the right to do that.”

The U.S. government previously mandated ByteDance, TikTok’s parent company, to divest its U.S. operations by Jan. 19, 2025, or face a ban.

On his …

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