Kraken Backs $1,000 Trump Accounts for Wyoming Babies
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Kraken will sponsor investment accounts for Wyoming babies born in 2026, contributing $1,000 per child from the U.S. Treasury. The initiative, supported by Senator Cynthia Lummis, aims to promote long-term savings and financial education for future generations.
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- Kraken will sponsor investment accounts for all Wyoming babies born in 2026.
- Each eligible child receives a $1,000 starter contribution from the U.S. Treasury.
- Parents, nonprofits, and sponsors can add yearly contributions to grow savings.
Wyoming is preparing to launch a new child-focused investment initiative after U.S. Senator Cynthia Lummis announced that cryptocurrency exchange Kraken will sponsor “Trump Accounts” for every baby born in the state in 2026, a move officials say could help expand long-term savings opportunities for the next generation.
Announcing the initiative, Lummis said, “Wyoming’s future has never looked brighter,” adding that she was “absolutely thrilled” that Kraken had stepped forward to support the program for every newborn in the state. She explained that the accounts were designed to give children an early financial start, …
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