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President Donald Trump has announced plans to prioritize the regulation of cryptocurrency and aims to create a substantial sovereign wealth fund. His administration intends to transform the Development Finance Corporation (DFC), a small lending agency, into a vehicle capable of mobilizing hundreds of billions from Wall Street. This initiative is seen as a strategy to rival China in attracting capital. Trump's advisers are focusing on enhancing the DFC to facilitate significant investments, including potential deals in Greenland and Panama.
My latest with @business colleagues on how Trump's vow to create a US sovereign wealth fund has his advisers focusing on how to make the little-known Development Finance Corporation bigger and better... https://t.co/YmDpkI65V5
Trump Team Has Wealth-Fund Ambitions for Small Lending Agency DFC seen as potential vehicle for Greenland, Panama deals Goal is to catalyze wave of Wall Street capital to rival China https://t.co/Qx93J2W3qO
The Trump Administration has announced plans to transform a small lending agency into a wealth fund. Stay tuned for more updates. #Trump #Administration #WealthFund $NDXP