Kraken says it will make a financial contribution to Trump Accounts opened for every eligible child born in Wyoming in 2026.
Key Takeaways
- Kraken plans to sponsor Trump Accounts for every eligible Wyoming newborn in 2026 by contributing funds to each account.
- Under a federal pilot program, eligible U.S. citizen newborns can receive a $1,000 seed contribution from the U.S. Treasury, invested in market index funds.
- Senator Cynthia Lummis praised the move, while Kraken pointed to Wyoming’s crypto friendly regulatory environment and its decision to base its global headquarters in the state.
What Happened?
Crypto exchange Kraken announced it will sponsor Trump Accounts for every child born in Wyoming in 2026, as long as the account is opened and the child is eligible under the program. The company has not disclosed how much it will contribute per account. The effort ties a major digital asset firm to a government linked savings initiative focused on helping families start investing earlier.
Big news for our home state: @KrakenFX is sponsoring @TrumpAccounts for every baby born in Wyoming in 2026.
— Dave Ripley (@DavidLRipley) February 16, 2026
We picked Wyoming as our global HQ because it leads with thoughtful, responsible crypto policy. We want to keep investing back in the community we call home. Starting…
How Trump Accounts Work?
Trump Accounts are described as a new type of tax advantaged account that parents or legal guardians can open for children under 18. Under the federal pilot program, every U.S. citizen newborn born between Jan. 1, 2025, and Dec. 31, 2028, is entitled to a one time $1,000 seed contribution from the U.S. Treasury. Those funds are invested in eligible market index funds and grow on a tax deferred basis until the beneficiary reaches adulthood.
Kraken’s sponsorship in Wyoming is positioned as an extra contribution on top of the federal structure, directed at families who open accounts for eligible newborns in the state during 2026.
Kraken’s Wyoming Bet Gets Deeper
In the official announcement from Kraken, the exchange said it will sponsor Trump Accounts for every child born in Wyoming in 2026 by making a financial contribution to each eligible account as part of the federal program.
Kraken Co CEO Arjun Sethi framed the decision as a long term commitment to the state, saying:
Kraken also connected the move to Wyoming’s policy reputation. The company has previously highlighted that it was able to establish Kraken Financial under Wyoming’s framework for crypto focused banking, including its status as the nation’s first Special Purpose Depository Institution in the state.
Lummis Welcomes the Sponsorship
Wyoming Senator Cynthia Lummis publicly welcomed Kraken’s plan and presented it as an investment in the state’s future. In Kraken’s announcement, Lummis said:
Lummis also posted about the initiative on social media, reinforcing that Wyoming is the focus of Kraken’s funding effort for newborn accounts created under the program.
A Broader Trend of Big Names Backing the Idea
Kraken’s move lands as more major players publicly associate with the Trump Accounts concept. Kraken’s announcement and related reporting also referenced support from Coinbase and major traditional finance firms such as JPMorgan Chase.
Separately, a different kind of community focused crypto effort was highlighted in coverage around the same time, with crypto prediction platform Polymarket opening a temporary free grocery store in New York City and pledging millions of meals for local residents.
CoinLaw’s Takeaway
I see this as Kraken trying to do two things at once: help families start saving earlier, and lock in Wyoming as its home base in a very public way. In my experience, programs tied to early investing only work if they are simple enough that normal families actually use them, and this one is designed to be straightforward. The part I will be watching is Kraken’s undisclosed contribution amount. If it is meaningful, it could create real momentum and push other states and companies to respond. If it is tiny, it risks becoming more of a headline than a financial head start. Either way, Kraken is clearly telling regulators and residents that Wyoming’s crypto rules are worth rewarding with long term capital.
