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Trump Accounts Exclude Crypto as $1,000 Baby Program Launches
The Trump administration's new child savings program steers $1 billion into equity index funds but offers no crypto options, despite the industry's political support.
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The Trump administration rolled out its new child savings program on July 4, 2026, giving every eligible newborn a $1,000 government-funded investment account. The money goes into low-cost US equity index funds. Crypto assets are not an option.
The program, branded as “Trump Accounts,” targets US citizen newborns with Social Security numbers born between January 1, 2025, and December 31, 2028. Each child receives a $1,000 seed contribution from the Treasury, invested in broad US equity index funds with annual fees capped at 0.10%. Parents manage the accounts until the child turns 18. Withdrawals before that age are heavily restricted.
Families and charities can contribute an additional $5,000 per child per year, though those contributions are not tax-deductible. The accounts are accessible through trumpaccounts.gov, with a mobile app launched in May 2026 for tracking contributions and growth.
Over 4 million children had enrolled as of March 2026. Between 500,000 and 1 million had already received their $1,000 seed funds by early July 2026. That means potentially up to $1 billion in Treasury money flowing directly into equity index funds.
The program is administered under nonprofit oversight, with private institutions managing the actual accounts. Investment options are deliberately narrow: only broad US equity index funds qualify. Sector-specific funds, international indexes, and anything related to digital assets are all excluded.