Crypto exchange Kraken said it will sponsor “Trump Accounts” for every child born in Wyoming in 2026, linking the firm to a federal savings program funded with $1,000 per eligible child through 2028. The announcement was first disclosed by Senator Cynthia Lummis and later confirmed by the company.
The move comes as crypto firms increasingly deepen ties with jurisdictions offering regulatory clarity. Wyoming has positioned itself as a key US hub for digital asset companies through early legal frameworks, including special-purpose banking charters and tailored compliance structures for crypto businesses.
The initiative also follows a broader easing of US enforcement actions after the US Securities and Exchange Commission dropped its 2023 case against Kraken. Analysts view the sponsorship as a strategic signal of long-term institutional alignment with supportive policy environments rather than a purely philanthropic effort.
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