"Armstrong wants to match the federal government's $1,000 seed money for eligible children and wants to do it in Bitcoin. "Starting to invest early is more important than ever. Trump Accounts is a great move to kick-start financial security + literacy for children," Armstrong posted. "We're proud to join @POTUS's initiative by matching the $1k from the U.S. Treasury for all eligible children of Coinbase employees. Hopefully we can pay the $1k in Bitcoin.""
"Trump Accounts are one of the provisions that came out of the One Big Beautiful Bill Act, a major legislative package championed by President Trump. The initiative automatically qualifies U.S. citizen babies born between January 1, 2025, and December 31, 2028 for a $1,000 government deposit into a tax-advantaged investment account in their name. Unlike traditional savings vehicles, these accounts must be invested in low-fee, diversified U.S. stock index funds managed by private financial firms and are locked until the beneficiary turns 18."
Coinbase plans to participate in the Trump Accounts program and explore delivering its matching contribution in Bitcoin for eligible employees' children. CEO Brian Armstrong announced intent to match the federal $1,000 seed deposit for all eligible Coinbase employees' children and expressed hope to pay the match in Bitcoin. Trump Accounts automatically qualify U.S. citizen babies born between January 1, 2025, and December 31, 2028 for a $1,000 government deposit into tax-advantaged accounts invested in low-fee diversified U.S. stock index funds that are locked until beneficiaries turn 18. Other firms, including Bank of America and JPMorgan Chase, have committed to similar employee matching.
Read at Bitcoin Magazine
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