US Treasury picks State Street, BlackRock, and Vanguard ETFs for Trump Accounts launching July 4 with $1,000 per child. Crypto assets are explicitly banned.

Treasury Secretary Bessent says Trump Accounts will invest in low-cost index funds, giving US newborns a $1,000 government-funded start in the stock market.

July 1 : The U.S. Treasury has selected two BlackRock exchange-traded funds for Trump Accounts and named Vanguard as an alternate fund partner for the government's new child…