Got money to buy Bitcoin? Trump ordered the establishment of the US sovereign fund, and the revenue may come from tariffs and the former senior generals of Moldova

U.S. President Donald Trump recently announced the establishment of a U.S. sovereign wealth fund, which is speculated to be used to build a strategic reserve for bitcoin, while Michael Grimes, a star technology investment banker who left Morgan Stanley last month, is rumored to be in charge of the fund, which is expected to be funded from tariffs. (Synopsis: Peter Schiff bombs Trump Crypto Summit: "Shame on America"!) The White House was kidnapped by crypto factions) (Background supplement: Trump signed executive order to promote the first sovereign wealth fund in the United States, paving the way for bitcoin reserves? U.S. President Donald Trump signed an executive order last week ordering the creation of a strategic bitcoin reserve, but did not mention that additional funds would be used to buy bitcoins, only that he would use the bitcoins confiscated by the U.S. government from criminal or civil cases as reserves, prohibiting the government from selling these bitcoins, causing great disappointment among market investors. Although the order mentions that the Treasury and Commerce secretaries should develop strategies that do not require additional budgets and do not increase costs for U.S. taxpayers in order to obtain more bitcoin, it may be difficult to squeeze out new funds in the context of the Trump administration's slashing of the federal budget. On the other hand, Trump also signed another executive order last week, ordering the US Treasury and Commerce Departments to establish a sovereign wealth fund within the next 12 months, leading the crypto community to speculate that the fund may also be used to build a strategic reserve for bitcoin. Former senior executives of Damo plan to take charge of the fund, funds will come from tariffs According to Reuters, Michael Grimes, a well-known technology investment banker who previously worked at Morgan Stanley, left the bank last month to become a senior adviser to the U.S. Department of Commerce and is expected to lead the U.S. sovereign wealth fund. Discussions about his leadership of the fund are ongoing, and plans are subject to change. However, the details indicate that the sovereign wealth fund's plan is gradually taking shape, according to people familiar with the matter, the source of the fund will be the Foreign Taxation Service, which Trump recently announced to manage the revenue generated by tariffs on foreign imports. If Trump's current tariff strategy remains unchanged, it should be expected to bring in tens to hundreds of billions of dollars a year for that money. Who is Michael Grimes? During his tenure at Morgan Stanley, Grimes was known for leading several high-profile tech IPOs, including Meta, Uber, Airbnb, and served as an advisor on Musk's acquisition of Twitter, where he worked for Morgan Stanley for more than 30 years, before leaving as one of the global technology investment banking leaders. Jim Secreto, a former Treasury and Commerce Department official, praised the smart decision to put someone like Michael Grimes in charge of sovereign wealth funds, but noted that the experience of the chip bill shows that Wall Street and government experts need Wall Street and government experts to solve all the problems if Washington is to succeed. Jim Secreto believes that competing interests within the Trump administration and powerful people from different factions will pose significant execution challenges to the fund's investment plans, especially under close scrutiny from Congress and the public. However, Reuters also pointed out that many countries in the Middle East and Asia have established similar sovereign wealth funds, using government funds to invest directly, but such funds usually rely on national budget surpluses to invest, while the United States has a long-term fiscal deficit, and the establishment of the fund may require congressional approval. Related reports Paul Krumman: Trump's bitcoin reserves are the biggest Rug scam in history, and cryptocurrencies are a casino doomed for retail investors What are the radical aides of Trump's "Crypto Seven Seas" plus the vice president? Federal Reserve Governor Waller: There will be no interest rate cut in March, observe the inflationary pressure of Trump's tariff war will be considered later this year 〈Buy bitcoin money? Trump ordered the establishment of a US sovereign fund, revenue or from tariffs, former senior generals of Dalmo" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".