Bitcoin Magazine

President Trump Signals Openness to Bitcoin in Trump Accounts, Calls Himself ‘a Big Fan of Crypto’

President Donald Trump said earlier today that Bitcoin could one day play a role in the new Trump Accounts savings program, telling reporters that “something could happen” when asked whether the accounts might hold the cryptocurrency.

Trump made the comments Monday during an Oval Office ceremony marking the launch of Trump Accounts. In a first-of-its-kind event, he rang the opening bells for both the New York Stock Exchange and the Nasdaq from the Oval Office, a joint bell-ringing that had never been conducted from the White House. 

He was joined by Treasury Secretary Scott Bessent, Securities and Exchange Commission Chairman Paul Atkins, leaders of the NYSE and Nasdaq, and technology executive Michael Dell and his wife, Susan, who pledged more than $6 billion to supplement the accounts. 

What Trump said about bitcoin

Pressed on whether there were plans to add Bitcoin to the accounts, Trump did not commit to a timeline but used the moment to describe his shift toward digital assets. 

“Well, I’m a big crypto. I’ve become a big crypto guy only for one reason,” he said. “If we don’t have it, China is going to have it, and they would like to have it. But now they’re not even trying that hard because we’ve taken over crypto, but I’m a fan.”

Trump said his interest developed over time. “I wasn’t initially. I didn’t know much about it, but for some of my first term I wasn’t really, I wasn’t much involved, but I’d watch,” he said. 

He credited the sector’s scale and its appeal to voters for drawing him in: “I realized there are a lot of people love crypto and even me as a businessman, I’d see a lot of money starting to come in with Bitcoin.” 

He said Bitcoin was being used “at levels that nobody…understands really” and repeated his framing of competition with China.

The president also veered into other subjects. He said the United States leads China in artificial intelligence, tying that lead to his approach on energy permitting for data centers while criticizing wind power. He also confirmed he had spoken with FIFA President Gianni Infantino to seek a review of U.S. forward Folarin Balogun’s red card suspension. FIFA’s independent board reversed the ban on Sunday, a decision that drew objections from Belgium and other figures in the sport. Belgium has appealed the reversal.

What Trump Accounts are

Trump Accounts, created under the One Big Beautiful Bill Act that Trump signed in 2025 and referred to in Treasury guidance as 530A accounts, launched July 4, 2026. Each is a tax-advantaged investment account for a child. 

On July 4, the government deposited one-time $1,000 seed contributions into accounts for more than 500,000 children. Children born between January 1, 2025, and December 31, 2028, who are U.S. citizens qualify for that federal deposit, and families can contribute up to $5,000 a year. Funds are locked until age 18, when the account converts to a traditional individual retirement account.

Trump’s record on crypto

The remarks fit a pattern from Trump’s second term. In March 2025, he signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, directing that Bitcoin held through forfeiture be retained rather than sold; the government held more than 207,000 Bitcoin at the time, valued near $17 billion. 

In July 2025, he signed the GENIUS Act, the first major federal crypto law, setting a framework for payment stablecoins. His administration has eased Biden-era enforcement at the Justice Department and SEC and rolled back restrictions on banks’ crypto activities. A broader market-structure bill, the CLARITY Act, remains in Congress.

Source: BitcoinMagazine