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⌐◪-◪ → Uncle Sam is opening a hedge fund!

President Trump just signed an executive order to create an American Sovereign Wealth Fund within the next 12 months.

This means the U.S. will have a state-owned investment fund that takes government revenues (exports, tariffs, etc.) and reinvests them into profitable assets like stocks, bonds, and real estate—just like other nations such as China, Abu Dhabi, and Norway, as well as resource-rich U.S. states like Alaska and Texas. But the U.S. itself has never had one—until now.

This is incredibly bullish for Bitcoin, given that the fund will be overseen by Howard Lutnick, CEO of Cantor Fitzgerald and a known Bitcoin bull who already holds hundreds of millions in BTC—potentially a future Bitcoin billionaire. While the connection between the sovereign wealth fund and a strategic Bitcoin reserve is unclear, it’s safe to assume they’ll have significant crypto exposure.

Meanwhile, Eric Trump is telling people now is a “great time” to buy ETH, and Sen. Lummis is bull-posting Bitcoin, calling the sovereign wealth fund a “₿ig deal.”

⌐◪-◪ → The crypto czar is ready to address the people!

President Trump’s AI and crypto czar, David Sacks, is hosting a press conference today at 2:30 PM ET to outline the administration’s plan for digital assets.

Everyone is on the edge of their seat, speculating on what he’ll cover and whether any major announcements will drop.

I expect he’ll touch on the Sovereign Wealth Fund and what it means for Bitcoin, Sen. Lummis’ proposed Bitcoin Act, potential regulatory and tax changes, and a heavy dose of America-first crypto rhetoric (bullish for XRP and the like).

There are also rumors about a partnership with DeFi companies to tokenize financial assets like U.S. Treasuries—something that would send the RWA (real-world asset) sector into overdrive.

On the flip side, some speculate that Sacks could take the opportunity to shill his own bags ($SOL), potentially suggesting it will play a role in the U.S. reserve or sovereign wealth fund.

Join Specs.Chat to break down the announcements (or lack thereof) in real time.

Personally, I’m feeling bullish—some much-needed energy after this bloodbath of a weekend.

⌐◪-◪ → Coinbase won’t stop fighting!

Coinbase just submitted a letter to U.S. regulators demanding they update guidance to allow banks to offer crypto services and remove outdated legal and regulatory barriers preventing lawful crypto businesses from working with banks.

For context, the USOCC, Federal Reserve, and FDIC have spent the last few years unilaterally blocking banks from engaging with crypto—effectively enforcing a behind-the-scenes ban. But now, that’s finally coming to an end.

To make sure the message lands, Coinbase enlisted three of the top banking law firms in the world—Arnold & Porter, Cleary Gottlieb, and WilmerHale—to back its argument. Their stance? U.S. banks have every legal right to offer crypto services under existing federal law.

The war on crypto is officially over, and the floodgates are about to open for homegrown U.S. crypto innovation.

Watch as your favorite companies finally relocate their headquarters to the U.S.—the crypto capital of the world.

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