In a significant move aimed at bolstering financial foundations for families in Wyoming, Kraken announced its plan to sponsor “Trump Accounts” for every child born in the state in 2026. The initiative involves making a financial contribution to each account, promoting long-term savings and capital formation from birth.
This initiative demonstrates Kraken’s commitment to modernizing financial services in the United States by expanding access, enhancing participation, and providing a straightforward pathway for more Americans to benefit from long-term compounding.
Arjun Sethi, Co-CEO of Kraken, highlighted the transformative potential of this investment: “This is not a gift. It is an investment in Wyoming’s future. We chose Wyoming as our global headquarters because it leads the country in thoughtful crypto innovation and regulation. When a state creates the right environment for builders, it deserves long-term commitment in return.” He emphasized the importance of supporting families right from the start, strengthening Wyoming’s status as a leader in responsible cryptocurrency practices.
U.S. Senator for Wyoming, Cynthia Lummis, expressed her enthusiasm about Kraken’s initiative, stating, “I am so thrilled Kraken is giving back to Wyoming in such a meaningful way by sponsoring Trump accounts for every child born in Wyoming in 2026. This investment in the next generation will ensure children in Wyoming have a financial head start. I’m grateful to Kraken for their commitment to Wyoming’s next generation and to the Cowboy State’s economic future.”
Wyoming has established itself as a pioneer in cryptocurrency-friendly legislation and policies, being the home of significant developments such as chartering Kraken Financial as the nation’s first Special Purpose Depository Institution (SPDI) and launching the Frontier Stable Token (FRNT).
Kraken’s deep ties to Wyoming—evident in its choice of Cheyenne for its headquarters, its support for blockchain programs at the University of Wyoming, and collaborations with local initiatives—position this new program as a natural extension of its commitment to fostering growth in the Cowboy State.
