America

Robinhood

Cathie Wood has thrown her support behind Trump Accounts, the government-backed investment program for children that goes nationwide in July.
The ARK Invest CEO encouraged parents and grandparents to open the accounts for eligible kids in a May 28 post on X.&nbsp;
<blockquote>
 "Check out this Administration's Invest America accounts which will help your loved ones catch and ride the financial wave of this technology revolution."&nbsp;<a href="https://x.com/CathieDWood/status/2059825228050571471?s=20" rel="noopener noreferrer nofollow">Wood wrote</a> in a May 28 post.
</blockquote>
<a href="https://www.thestreet.com/crypto/markets/americans-to-recieve-3500-each-after-doughnut-chain-settles-lawsuit" rel="noopener noreferrer nofollow">Related: Americans to recieve $3,500 each after doughnut chain settles lawsuit</a>
<h2 id="what-trump-accounts-actually-are">What Trump Accounts actually are</h2>
<a href="https://www.thestreet.com/crypto/markets/popular-crypto-exchange-joins-growing-list-of-trump-accounts-sponsors" rel="noopener noreferrer nofollow">Trump Accounts</a> were created under the One Big Beautiful Bill Act as tax-advantaged investment accounts for Americans under 18.
Children born between Jan. 1, 2025, and Dec. 31, 2028, qualify for a $1,000 government-funded seed deposit. On top of that, parents, relatives, employers, and charities can contribute up to $5,000 a year.
The money goes into a low-cost index fund built for long-term growth, and the child takes control of the account at 18.
<h3 id="popular-on-thestreet-roundtable">Popular on TheStreet Roundtable:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/cathie-wood-sends-strong-prediction-on-bitcoin-despite-massive-outflows" rel="noopener noreferrer nofollow">Cathie Wood sends strong prediction on Bitcoin</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/china-japan-uae-india-sell-billions-in-u-s-treasuries" rel="noopener noreferrer nofollow">China, Japan, UAE, India sell billions in U.S. Treasuries</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/xrp-traders-withdraw-millions-of-dollars-in-24-hours" rel="noopener noreferrer nofollow">XRP traders withdraw millions of dollars in 24 hours</a></li>
</ul>
<h2 id="the-rollout">The rollout</h2>
Wood's endorsement lands as the Treasury Department rolls out the Trump Accounts app nationwide ahead of the <a href="https://home.treasury.gov/news/press-releases/sb0508" rel="noopener noreferrer nofollow">official July 4 launch</a>.
Treasury Secretary <a href="https://www.thestreet.com/crypto/tag/scott-bessent" rel="noopener noreferrer nofollow">Scott Bessent</a> said the program is meant to make it easier for families to contribute and track their investments. Robinhood and BNY helped build the platform.
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 Treasury Secretary Scott Bessent
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<h2 id="why-wood-s-voice-carries-weight">Why Wood's voice carries weight</h2>
Wood is one of Wall Street's most closely watched investors on disruptive technology. Before founding ARK in 2014, she managed more than $5 billion in global thematic strategies at AllianceBernstein.
She is also one of Bitcoin's loudest institutional backers. Earlier this week, she raised ARK's long-term <a href="https://www.thestreet.com/crypto/markets/cathie-wood-sends-strong-prediction-on-bitcoin-despite-massive-outflows" rel="noopener noreferrer nofollow">Bitcoin outlook</a>, projecting $750,000 in a base case and $1.25 million in a bull case over the next five years.
<blockquote>
 "We do think there is an asset allocation shift beginning towards Bitcoin and other crypto assets. The biggest reason is institutional adoption."said&nbsp;Wood, in a May 25 interview
</blockquote>
<a href="https://www.thestreet.com/crypto/markets/treasury-secretary-bessent-sends-brutal-warning-to-drug-cartels" rel="noopener noreferrer nofollow">Related: Treasury Secretary Bessent sends brutal warning to drug cartels</a>

Cathie Wood sends strong message on Trump Accounts

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