Coinbase Joins Trump Accounts Program, Plans to Provide $1,000 Subsidy for Employees' Children in Bitcoin

Odaily News: Brian Armstrong, CEO of Coinbase, announced that the company has joined the government's Trump Accounts program. It will match a $1,000 subsidy provided by the U.S. Treasury for eligible employees' children. Brian Armstrong stated that Coinbase intends to distribute this subsidy in Bitcoin.

It is understood that the Trump Accounts program aims to establish tax-advantaged investment accounts for U.S. citizens under the age of 18 to support long-term financial planning. Currently, several major companies including Uber, NVIDIA, Intel, Broadcom, IBM, and Schwab have already participated in the program and incorporated it into their employee benefits systems.