U.S. Treasury Announces Establishment of 5 Million Trump Accounts

The U.S. Treasury Department has announced the establishment of 5 million Trump accounts. According to Odaily, these accounts, also known as 530A accounts, were authorized under the 2025 Great and Beautiful Act and are designed as stock index investment accounts for children of U.S. citizens. The specific operational details of the Trump accounts are yet to be clarified. The Internal Revenue Service has issued a regulatory plan notice, defining these accounts as individual retirement accounts. Under the current regulations, funds in these accounts cannot be withdrawn until January 1 of the year the child turns 18. After this point, the accounts will function similarly to traditional IRA accounts.