Kraken will fund Trump Accounts opened for newborns in Wyoming, according to an announcement shared by Wyoming Senator Cynthia Lummis. The plan targets Trump Accounts created for babies born in the state, with Kraken linking the decision to Wyoming’s crypto rules and its own presence there.
Lummis said on Monday that Kraken would provide funding for all Wyoming Trump Accounts created for newborns. She added:
“Grateful to Kraken for their commitment to Wyoming’s next generation and to the Cowboy State’s economic future,”
referring to the Kraken Trump Accounts support.
Kraken did not state how much money it would provide per eligible child for the Wyoming Trump Accounts. The company also did not publish a total budget for the Wyoming sponsorship tied to Kraken Trump Accounts.
Kraken Trump Accounts Support Centers on Wyoming Regulation and Headquarters
Kraken co CEO Dave Ripley said the company chose to back Kraken Trump Accounts in Wyoming because it sees the state as a favorable place for crypto regulation. He said Wyoming is also home to Kraken’s headquarters.
Ripley said:
“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 early matters, and innovation should make long term financial opportunity more accessible and affordable,”
describing the company’s reasoning for the Kraken Trump Accounts move.
In a blog post, Kraken said the Wyoming government helped the firm become the United States’ first Special Purpose Depository Institution (SPDI). The same post also praised Wyoming’s role in launching the Frontier Stable Token, which Kraken referenced while discussing the wider backdrop for Kraken Trump Accounts.
Wyoming Trump Accounts Fit Into a Federal Pilot With a $1,000 Seed
Trump Accounts are described as a new type of account for American children under 18, which parents or legal guardians can open. Under a pilot program, the federal government will seed Trump Accounts with $1,000 for any child born between Jan. 1, 2025, and Dec. 31, 2028, according to the details cited in the report.
The Wyoming plan focuses on newborns in the state, while the federal pilot sets the broader time window for eligibility. As a result, Wyoming Trump Accounts supported by Kraken would sit alongside the separate federal seed for eligible births during the pilot period.
The report also said Kraken did not disclose the amount it would add to each eligible newborn’s Wyoming Trump Accounts. It added that the outlet contacted Kraken for comment, while the company’s public statements focused on the state connection and the Kraken Trump Accounts sponsorship.
Trump Accounts Backing Expands as TradFi Names Join the Program
The report said JPMorgan, Bank of America, and Wells Fargo have offered varying degrees of support for Trump Accounts. It also said several other well known names have backed the program, without listing every participant.
That context places Kraken Trump Accounts support inside a wider push that includes both crypto companies and traditional financial firms. Still, the Wyoming element remains specific because Lummis described it as funding for all accounts created for newborns in Wyoming.
The report also described other recent public actions by crypto related firms in the United States. It said prediction market platform Polymarket opened a free grocery store in New York City and said it would donate 3 million meals across the city’s five boroughs. It also said competitor Kalshi offered a $50 grocery giveaway to over 1,000 Manhattan residents on Feb. 3.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: February 17, 2026 • 🕓 Last updated: February 17, 2026
