U.S. Treasury Secretary Scott Bessent praises the Trump administration for creating the idea that everyone has a stake in the market, with the Trump accounts program giving every American child a financial system stake. Robinhood Markets commits to matching Treasury contributions for eligible children of its employees. The Trump accounts program is part of the Working Families Tax Cuts provision of the OBBBA signed by Trump.
The initiative involves a $1,000 pilot contribution from the U.S. Treasury for American children born between 2025 and 2028. Bessent believes the policy could reshape how younger generations view the economic system, strengthening confidence in capitalism. The Trump administration aims to open up the retirement market to crypto assets, allowing Americans to invest in alternative assets like cryptocurrencies.
Wall Street institutions like BlackRock and Franklin Templeton have launched ETFs linked to Bitcoin and Ethereum, accumulating billions in inflows. BlackRock called its Bitcoin ETF one of the top investment themes for 2025. JPMorgan Chase and Morgan Stanley are considering offering crypto trading services to institutional clients. MSCI is considering delisting public companies with digital asset holdings exceeding 50% from its indices.
Main Street could gain exposure to the crypto market’s ups and downs if it merges with Wall Street. The divide between Main Street and Wall Street is set to end with more Americans having a stake in financial markets. The embrace of crypto by Wall Street giants marks a significant reversal from previous skepticism.
Read more at Yahoo Finance: Treasury Secretary predicts historic merger could make 2026 a ‘very good year’
