Every baby born in Wyoming in 2026 could start life with a Bitcoin-funded savings account. Kraken, one of the largest crypto exchanges in the world, has announced it will sponsor 'Trump Accounts' — a new state-facilitated savings program — for every newborn in the state next year.
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What Are 'Trump Accounts'?
Wyoming recently signed into law a program creating state-facilitated savings accounts for newborns, named after the current president. The structure is straightforward: every baby born in the state receives a savings account seeded with an initial contribution, with digital assets included as part of the investment framework.
Kraken, which holds a banking charter in Wyoming, announced it will sponsor these accounts for every 2026 newborn — effectively providing a financial foundation to children who won't interact with blockchain technology for years.
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Wyoming's Track Record With Crypto Legislation
Wyoming has spent years building one of the most comprehensive digital asset legislative frameworks in the United States. The state created the Special Purpose Depository Institution (SPDI) charter — which gave Kraken its banking license back in 2020 — and passed DAO LLC legislation giving decentralized organizations a legal structure.
Former Senator Cynthia Lummis has been one of the most prominent pro-Bitcoin voices in Washington, and the state's broader culture of individual liberty aligns closely with decentralization principles.
While states like New York have taken restrictive approaches with regimes like the BitLicense, Wyoming has moved in the opposite direction — now integrating digital assets directly into newborn savings programs. It's a flex, and honestly, the kind of regulatory competition that actually benefits builders.
What Kraken Gains From the Partnership
From a strategic standpoint, Kraken's sponsorship serves multiple purposes beyond goodwill:
Early brand association — These children (and their parents) will associate Kraken with their first financial account, creating a relationship from birth.
Regulatory positioning — Partnering with a state government on a public welfare initiative builds political capital and shows crypto exchanges can play a constructive role in public programs.
Crypto normalization — Every parent who opens one of these accounts gets introduced to digital assets as a state-sanctioned savings vehicle.
Deepening the Wyoming relationship — Kraken already holds a banking charter in the state. This strengthens its position as Wyoming's primary crypto partner.
Generational Wealth, OnChain
The initiative reframes the conversation around crypto and the next generation. Whether these accounts hold Bitcoin, stablecoins, or a diversified crypto portfolio, the signal is clear — digital assets are moving beyond the speculative fringe and into structured, long-term financial planning.
For those tracking how Bitcoin adoption is accelerating at the institutional level, Wyoming adds a grassroots dimension to that trend.
The math is worth considering. If a Trump Account is seeded with even a modest amount of Bitcoin at birth, and that child doesn't touch it until they're 18, they'd have nearly two decades of exposure to an asset with a historically deflationary supply schedule.
Small initial contribution, potentially significant long-term upside — that asymmetry is the whole point.
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Could This Become a Template for Other States?
If Kraken's sponsorship generates positive results, other exchanges may explore similar partnerships. Coinbase sponsoring a program in Texas or Gemini doing the same in Florida is entirely plausible — and the competitive dynamics could accelerate state-level crypto adoption faster than federal legislation has moved.
Federal regulators, including the SEC (who are surely thrilled about states moving without asking permission), may weigh in on programs that introduce crypto to minors. For now, Wyoming has shown a willingness to move first, even when federal guidance remains unclear.
