Tue Feb 04 05:47:38 IST 2025: ## Trump Orders Creation of Sovereign Wealth Fund, Eyes Potential TikTok Purchase
**Washington, D.C. –** President Donald Trump signed an executive order Monday directing the Treasury and Commerce Departments to establish a U.S. sovereign wealth fund. The order, which comes amidst ongoing national security concerns surrounding the popular video-sharing app TikTok, hints at a potential government purchase of the platform.
TikTok, boasting 170 million American users, faced a potential ban in January due to national security concerns stemming from its Chinese ownership, ByteDance. A last-minute legal reprieve briefly took the app offline before a deadline requiring either a sale or a ban. President Trump subsequently delayed enforcement of the law for 75 days with a separate executive order.
The President has indicated ongoing negotiations regarding TikTok’s acquisition and suggested a decision on the app’s future is expected by February. The newly created sovereign wealth fund could potentially provide the financial mechanism for a government-led purchase.
First Piper 