U.S. Treasury Department: 5 Million Trump Accounts Have Been Opened

Odaily News The U.S. Treasury Department announced that 5 million Trump accounts have been opened. The Trump account, or the 530A account, was authorized by the 2025 Big and Beautiful Act and is a stock index investment account established for the children of U.S. citizens. The specific operational details of the Trump account are yet to be further clarified. The U.S. Internal Revenue Service issued a notice regarding the relevant regulatory plan, defining it as an individual retirement account. According to the regulations, funds in the account cannot be withdrawn until January 1st of the year the child turns 18; thereafter, the account will operate similarly to a traditional IRA account. (Jin10)