U.S. Senator Cynthia Lummis announced this Monday that the cryptocurrency exchange Kraken will sponsor Trump Accounts for every child born in Wyoming during 2026. In her address to the state legislature, Lummis highlighted that this corporate commitment aims to provide a “solid financial head start” for the next generation, marking a historic collaboration between the digital asset sector and regional economic policy.
This partnership operates within the framework of the One Big Beautiful Bill Act, a federal program that provides a $1,000 seed deposit for children born between 2025 and 2028. By becoming a private sponsor, Kraken reinforces Wyoming’s status as a premier crypto-regulatory hub, allowing local families to benefit from additional contributions that enhance the long-term compounding power of these tax-advantaged accounts.
Starting now, families should prepare for the enrollment process using IRS Form 4547, which can be filed during the current 2026 tax season to ensure accounts are active when contributions officially begin in July. Kraken’s move is expected to serve as a blueprint for other tech firms, fostering an ecosystem where digital ownership and traditional savings converge to close the generational wealth gap.
Source:https://x.com/SenLummis/status/2023453580754383028.
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