Trump Account Launches on July 4, Treasury Accepts Stock Donations for Children's Savings

According to BlockBeats, the U.S. Treasury Department launched the Trump Account on July 4, accepting publicly traded stocks as charitable donations to fund eligible American children's investment accounts. The program automatically deposits $1,000 in government seed funding into qualifying accounts on the launch day, which marks the nation's 250th Independence Day.

The account has received over 6 million applications before its official rollout, according to Trump's announcement on Truth Social. The initiative is projected to inject $300–$500 billion in incremental capital into U.S. equities in its first year.