U.S. Treasury Secretary Bessent: Over $8 billion has been deposited into children's accounts under the "Trump Accounts" program to date

U.S. President Donald Trump posted that Elon Musk is gifting SpaceX shares to millions of American children via the "Trump Accounts" initiative. Trump stated that this aligns with the program's founding purpose of enabling private sector participation in investments for children. The post did not disclose the quantity, value of the gifted shares, the age range of recipient children, or the distribution timeline. Separately, U.S. Treasury Secretary Bessent posted on the X platform that over $8 billion has been deposited into children's accounts under the program as of present. Bessent also called on more philanthropists to join the initiative. Parents may claim accounts for their children via TrumpAccounts.gov or the Trump Accounts application.

Source: PANewsRead original