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The launch marks an important step for the new government-backed savings program, which is set to begin on July 4. Robinhood is serving as trustee for the accounts and will hold assets on behalf of participating children. The company said the first activation emails have already been sent by the U.S. Treasury, with more invitations expected in the coming weeks.
The initiative has already attracted support from major business leaders. Dell Technologies (DELL) founder and CEO Michael Dell has pledged $6.25 billion to help fund Trump Accounts.
Why Investors Are Watching
Trump Accounts are tax-advantaged investment accounts designed for U.S. children under the age of 18.
