Coinbase to Join Trump Accounts Push, Eyes Bitcoin Payments for Children

Coinbase plans to participate in President Donald Trump’s new Trump Accounts program, with CEO Brian Armstrong stating the company intends to match the $1,000 federal seed money for eligible children of Coinbase employees, ideally by paying the match in Bitcoin.

The Trump Accounts initiative is part of the One Big Beautiful Bill Act, automatically qualifying 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. These funds must be invested in low-fee, diversified U.S. stock index funds and are locked until the beneficiary turns 18, at which point they can be used for education, home purchases, or starting a business.

Coinbase joins other major financial institutions like Bank of America and JPMorgan Chase in committing to match the government contribution for their employees' children. Philanthropists, including rapper Nicki Minaj, are also pledging support for the program, signaling that private industry is ready to integrate the initiative into company benefits.

(Source：Bitcoin Magazine)