Kraken Pledges Support for Trump Accounts in Wyoming

Highlights:

• Kraken will sponsor Trump Accounts for all Wyoming newborns in 2026.
• Each eligible child receives $1,000 from the U.S. Treasury savings program.
• Experts welcome financial inclusion but warn about political influence concerns.

Crypto exchange Kraken confirmed Monday that it will sponsor a Trump Account for every child born in Wyoming in 2026. The program is part of a federal savings effort created under the Working Families Tax Cut. The announcement was first shared by U.S. Senator Cynthia Lummis during remarks to the Wyoming Legislature.

Kraken later issued its own statement confirming the commitment. “Grateful to Kraken for their commitment to Wyoming’s next generation and to the Cowboy State’s economic future,” Lummis said.

Wyoming's future has never looked brighter. Absolutely thrilled to announce @krakenfx is sponsoring Trump Accounts for every Wyoming child born in 2026. Grateful to Kraken for their commitment to Wyoming’s next generation and to the Cowboy State’s economic future. pic.twitter.com/IWRicvBgBc

— Senator Cynthia Lummis (@SenLummis) February 16, 2026

Under the program, eligible children receive $1,000 from the U.S. Treasury through 2028. Families and outside contributors can add more funds over time. The money becomes accessible once the child turns 18. Kraken has not yet said whether it will match the government’s $1,000 contribution. It also remains unclear whether the funds will be held in cash, traditional investments, or digital assets.

Kraken Backs Wyoming Crypto Policy With Long-Term Investment

Kraken is headquartered in Cheyenne, placing it at the center of Wyoming’s digital asset industry. The state has positioned itself as one of the most supportive environments for crypto companies in the U.S. 

Kraken’s co-chief executive, Dave Ripley, explained that the company decided to support Trump Accounts in Wyoming mainly because of the state’s friendly rules for crypto businesses. Since Wyoming is also the firm’s headquarters, the environment made the decision easier. In addition, Ripley suggested that starting early can create better long-term financial chances. In his view, innovation should help make financial access simpler and more affordable for more people over time.

Big news for our home state: @KrakenFX is sponsoring @TrumpAccounts for every baby born in Wyoming in 2026.

We picked Wyoming as our global HQ because it leads with thoughtful, responsible crypto policy. We want to keep investing back in the community we call home. Starting…

— Dave Ripley (@DavidLRipley) February 16, 2026

Co-chief executive Arjun Seth stressed that regulatory clarity should not be met with short-term engagement. In his view, true recognition comes through alignment and sustained commitment. He also emphasized that the initiative is not a marketing effort. Rather, it reflects a deliberate, long-term decision.

Seth explained that by funding accounts for every newborn in Wyoming in 2026, the company aims to make a clear statement. When jurisdictions establish transparent and well-structured systems, businesses should respond with generational investment. He described the move not as a gift, but as a long-term investment in Wyoming’s future.

Kraken Moves Forward as SEC Ends Lawsuit and Industry Resets

Kraken made the announcement shortly after a major change in its regulatory standing. In March, the U.S. Securities and Exchange Commission agreed in principle to end its lawsuit against the exchange. Regulators had accused the company of operating as an unregistered securities exchange, broker-dealer, and clearing agency. However, authorities dropped the case without requiring any admission of wrongdoing or imposing a financial penalty.

The decision came after leadership changes at the SEC last year. Around the same time, regulators reached similar outcomes in cases involving other crypto firms. Kraken did not directly connect the newborn account initiative to its past legal dispute. Even so, the timing highlights a broader period of adjustment and reset across the crypto industry.

What Comes Next

Several important details are still unclear. Kraken has not shared the exact amount it plans to contribute for each child. The company has also not confirmed whether the accounts will include crypto exposure or explained how the investments will be managed. These points will likely influence how families view and respond to the program.

For the time being, the pledge stands as one of the strongest endorsements of the Trump Account initiative in the private sector. It also underscores the exchange’s intention to grow its footprint in the state of Wyoming. The extent to which this idea catches on or remains contained within the state of Wyoming will be seen as the program develops in 2026.