[Digital Today reporter Jinju Hong] U.S. President Donald Trump for the first time publicly suggested the government could include bitcoin in a tax-advantaged investment account for children. It is not a confirmed policy, but the mere mention that cryptocurrencies could be included in a government-run investment programme prompted an immediate market reaction.
On July 7 local time, blockchain outlet CoinPost reported that Trump was asked at a White House Oval Office event launching the “Trump Account” whether bitcoin could be included in child investment accounts. He replied, “Something could happen.” He did not disclose a specific timeline or plan, but he did not rule out adding cryptocurrencies.
After Trump’s remarks, the price of bitcoin rose about 1.8 percent. The market mood is to treat the comments not as a simple pro-crypto statement but as a signal pointing to the possibility of government-level use of cryptocurrencies.
Trump also reiterated his pro-cryptocurrency stance at the event. “I am very supportive of crypto,” he said, adding, “If the United States doesn’t do it, China will.” He went on to say he had learned many people like cryptocurrencies and that he had seen huge sums flow into bitcoin, giving a positive assessment of bitcoin’s growth potential.
The “Trump Account” unveiled that day is a tax-advantaged investment account for children introduced under the OBBBA law that Trump signed in 2025. The U.S. Treasury calls it a “530A account.” The account was officially opened on July 4, and the government made a one-time initial payment of $1,000 to more than 500,000 U.S. citizen children born between Jan. 1, 2025 and Dec. 31, 2028. The annual contribution limit is $5,000, and funds cannot be withdrawn until age 18. It is then automatically converted to an individual retirement account, or IRA.
Whether bitcoin will actually be included in the account has not been decided. Still, an assessment is emerging that it is meaningful because this is the first time the possibility of adding cryptocurrencies has been publicly discussed at the system design stage.
Separately, a cryptocurrency business involving Trump’s family has again come under controversy. An asset disclosure report recently released by the U.S. Office of Government Ethics showed that the scale of bitcoin and ethereum holdings linked to the family-run World Liberty Financial was in the hundreds of billions of dollars.
As a result, conflict-of-interest concerns are again being raised that the president and his family’s cryptocurrency business could influence government policy. The U.S. Congress is currently discussing ethics rules and digital asset holdings by public officials along with the Clarity bill, which broadly regulates the cryptocurrency market.
Trump addressed this by saying, “I have never discussed this matter with my children,” drawing a line between the issue and the family business. Still, the actual asset composition of the child investment accounts, whether cryptocurrencies will be included, and conflict-of-interest issues involving the president’s family are expected to remain key issues.