President Trump opened U.S. markets and launched Trump Accounts by ringing the opening bell. The event marked the first time the bell was rung from the Oval Office and honored both Nasdaq and the New York Stock Exchange.
Treasury Secretary Scott Bessent and Sen. Ted Cruz (R-TX), as well as tech billionaire Michael Dell and his wife, Susan Dell, and New York Stock Exchange President Lynn Martin, joined Trump.
“If parents have not done so already, and they are doing so in record numbers, they should go right away to TrumpAccounts.gov and sign their child up for a free investment savings account,” Trump said during the event, adding that donors are putting “millions and millions of dollars into the accounts of poor children.”
The Trump Accounts app was launched on July 4 in honor of the nation’s 250th anniversary.
“Trump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump,” Bessent said in a statement. “The Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your child’s account, exploring financial education modules, and more.”
The app was launched on May 28, although accounts were not yet activated. As of Tax Day, more than 5 million children have enrolled in Trump Accounts. All accounts opened for children born between January 1, 2025, and December 31, 2028, will automatically receive a $1,000 seed investment from the Treasury Department. Of the 5 million enrolled, 1.2 million qualify for that seed money.
In August, the White House unveiled its detailed plan for the Trump Accounts as described under the “One Big Beautiful Bill.”
