Kraken to Sponsor Trump Accounts for Wyoming Babies 2026
- Kraken will seed Trump Accounts for every 2026 Wyoming birth in a statewide pledge.
- Each eligible child gets $1,000 from the U.S. Treasury, while families and donors can add.
- Arjun Sethi casts it as future-facing capital formation aligned with the crypto rulebook.
Kraken announced Monday that it will sponsor Trump Accounts for every child born in Wyoming in 2026. The company is committing financial contributions to each eligible newborn’s federally backed savings account. The Cheyenne-headquartered exchange said the move reflects its long-term investment in the state that positioned itself as America’s home for crypto. The Trump Accounts provide $1,000 from the U.S. Treasury to qualifying children, while families and outside contributors may add funds accessible at age 18.
State Policy and Corporate Commitment
Kraken confirmed the initiative in a company blogpost, stating it will make a financial contribution to each Trump Account created for Wyoming children born in 2026. The company said the program aims to help families build long-term savings and capital formation from birth.
The Trump Account stems from the Working Families Tax Cut and provides every child born during the Trump administration with $1,000 from the U.S. Treasury until 2028. Parents, nonprofits, and other entities may contribute additional funds. When a child turns 18, the account holder can access the savings.
Kraken Co-CEO Arjun Sethi said the sponsorship represents an investment rather than a gift. He stated, “This is not a gift. It is an investment in Wyoming’s future.” He added that the company chose Wyoming for its global headquarters because it leads in crypto innovation and regulation.
Sethi said states that create favorable policy environments for builders deserve long-term corporate commitment. He noted that seeding accounts for every newborn in 2026 supports families from the start while reinforcing Wyoming’s leadership in digital assets.
Wyoming’s Crypto Framework
Wyoming built its crypto-friendly reputation through early legislative action. In 2019, the state introduced a special-purpose banking charter for digital asset firms, providing clearer custody and compliance standards before similar frameworks appeared elsewhere.
The state later chartered Kraken Financial as the nation’s first Special Purpose Depository Institution. Wyoming also launched the Frontier Stable Token, known as FRNT, expanding its digital asset initiatives.
Kraken relocated its headquarters from California to Cheyenne last year. The exchange, valued at $20 billion, cited Wyoming’s regulatory clarity as a key reason for the move. The company also supports blockchain programs at the University of Wyoming and partners with local initiatives.
U.S. Senator Cynthia Lummis welcomed the announcement. She said she felt thrilled that Kraken chose to give back in a meaningful way by sponsoring Trump Accounts for every child born in Wyoming in 2026. She described the program as an investment in the next generation and the state’s economic future.
Lummis also said more digital asset companies continue to look at Wyoming. “There will be more. There will be others coming,” she said.
Related: Kraken Adds USDC–FRNT Swap Feature on Solana From Jan. 21
Regulatory Context and Industry Developments
Kraken’s announcement follows recent regulatory changes at the federal level. Last March, the U.S. Securities and Exchange Commission agreed in principle to end its 2023 lawsuit against the exchange. The SEC had alleged that Kraken operated as an unregistered securities exchange, broker-dealer, and clearing agency.
The case closed without any admission of wrongdoing or financial penalty. The withdrawal followed the appointment of crypto-friendly leadership at the SEC in 2025 after years of stricter enforcement under the previous administration. Regulators also dismissed cases against Coinbase, Robinhood, and Uniswap Labs during the same period.
On Monday, Sethi reiterated on social media that long-term commitment should follow when a state creates thoughtful policy for builders. His comments came as observers debated whether the sponsorship reflects philanthropy or a loyalty signal to the state that anchored Kraken’s operations.
