Wall Street-backed 'Trump accounts' launch for children as president reports $1.4 billion in crypto gains

The United States is launching "Trump accounts," a system of Wall Street-backed investment funds for children. According to reports on July 4, the initiative will allow parents to enroll their newborns directly at hospitals, establishing early financial portfolios under the newly established framework.

The rollout of the nationwide investment program coincides with new scrutiny of the president's personal financial portfolio. On July 1, President Donald Trump's annual financial disclosure for 2025 was released, revealing a total income exceeding $2 billion. The filing demonstrated that cryptocurrency ventures have become the largest source of his earnings, yielding over $1.4 billion last year.

The disclosure detailed that nearly $800 million of those earnings originated from World Liberty Financial, a cryptocurrency company he co-founded with his sons. An additional $600 million was generated from the sale of Trump-branded meme coins through CIC Digital LLC, representing an unprecedented personal financial yield in the digital asset sector for a sitting executive.

These gains have prompted scrutiny regarding the administration's regulatory approach. Critics have raised ethical concerns, noting that the Trump administration has actively eased regulations on the cryptocurrency market while the president has significantly profited from the sector. Following the disclosure, a former White House ethics lawyer stated that the policy shifts present a "clear conflict of interest."

While the administration advances the new hospital-enrollment investment funds for children, other entities tied to the president have experienced severe market depreciation. Despite the substantial personal gains in digital assets, Trump Media & Technology Group, the parent company of Truth Social, saw its stock price fall to an all-time low of $6.96 in late June, marking a decline of more than 92 percent from its previous highs.