TechFlow News, April 6: According to JINSHI Data, market sources report that the U.S. Department of the Treasury has selected BNY Mellon (BK.N) and Robinhood (HOOD.O) to participate in the Trump Account Program.
The “Trump Account,” also known as the Section 530A Account, is a tax-deferred investment account initiative proposed by U.S. President Trump on June 9, 2025. It aims to establish government-funded savings accounts for children of U.S. citizens born between January 1, 2025, and January 1, 2029. Each account starts with an initial deposit of $1,000 and is invested in index funds tracking the U.S. stock market.
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