US Treasury launches Trump accounts for children's investments with $6.25B in philanthropic backing, but cryptocurrency assets are explicitly excluded from

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.

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.