Trump Says Bitcoin May Be Included in Child Investment ‘Trump Accounts’
Summary
- Reuters reported that U.S. President Donald Trump said “it could be possible” when asked whether Bitcoin could be included in so-called Trump Accounts.
- Reuters said Trump Accounts are newborn investment accounts that provide a $1,000 federal contribution to children born between 2025 and 2028.
- With the Trump administration maintaining a crypto-friendly policy stance, some view the inclusion of digital assets in Trump Accounts as potentially strengthening Bitcoin’s status as a mainstream investable asset.
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President Donald Trump said Bitcoin may be included in so-called Trump Accounts, a child investment account program.
Blockbeats, citing Reuters, reported on July 6 that Trump said “it could be possible” when asked whether Bitcoin could be part of the accounts.
Trump Accounts are newborn investment accounts included in Trump’s tax and immigration bill, according to Reuters. Children born between 2025 and 2028 would receive a $1,000 federal contribution.
Trump previously said more than 500,000 American children had received $1,000 deposits into their accounts. He also said he is discussing a similar type of account for adults with Congress.
Bitcoin’s inclusion has not been decided. But Trump’s refusal to rule it out has drawn attention to whether digital assets could eventually be added to Trump Accounts’ investment options.
With the Trump administration maintaining a crypto-friendly policy stance, including Bitcoin in a government-backed investment account could strengthen its status as a mainstream investable asset.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.