President Donald Trump said earlier today that Bitcoin may one day take part in the new Trump Accounts savings program, telling reporters that “something could happen” when asked if the account could contain cryptocurrency.
Mr Trump said this on Monday during an Oval Office ceremony marking the inauguration of the Trump’s account. In the first instance, he rang the opening bells for the New York Stock Exchange and Nasdaq from the Oval Office, a bell ringing that had never been done from the White House.
He was joined by Secretary of the Treasury Scott Bessent, the President of the Securities and Exchange Commission Paul Atkins, the leaders of the NYSE and Nasdaq, and the chief technology officer Michael Dell and his wife, Susan, who pledged more than $ 6 billion to increase the accounts.
What Trump said about bitcoin
When pressed on whether there were plans to add Bitcoin to accounts, Trump did not commit to a timeline but used the time to outline his transition to digital assets.
“Well, I’m a big crypto guy. I’ve been a big crypto guy for one reason,” he said. “If we don’t have it, China will have it, and they want to have it. But now they’re not even trying because we’ve taken over crypto, but I’m a fan.”
Trump said his interest grew over time. “At first I wasn’t there, I didn’t know much about it, but for my first time I wasn’t there, I wasn’t involved much, I was just watching,” he said.
He praised the growth of the sector and his interest in voters to attract him: “I realized that there are many people who love crypto and even I as an entrepreneur, I see a lot of money starting to come with Bitcoin.”
He said Bitcoin is being used “in sectors that nobody… really understands” and reiterated his policy of competition with China.
The president also changed some courses. He said the United States leads China in manufacturing technology, leading to its policy of allowing data power while criticizing wind power. He also confirmed that he has spoken to FIFA President Gianni Infantino to review the suspension of American Folarin Balogun’s red card. Independent governing body FIFA overturned the ban on Sunday, a decision that drew opposition from Belgium and other nations. Belgium has appealed to change it.
What is a Trump Account?
Trump account, was created under the One Big Beautiful Bill Act that Trump signed in 2025 and is mentioned in Treasury guides as 530A accounts, which was established on July 4, 2026. Each is a tax-deductible account for a child.
On July 4, the government placed a one-time payment of $1,000 into the accounts of more than 500,000 children. Children born between January 1, 2025, and December 31, 2028, who are US citizens are eligible for federal savings, and families can contribute up to $5,000 per year. Funds are locked in until age 18, at which point the account is converted to a regular retirement account.
Trump’s profile on crypto
The term is synonymous with Trump’s second term. In March 2025, he he signed legislation establishing the Strategic Bitcoin Reserve and the US Digital Asset Stockpile, mandating that confiscated Bitcoin be kept instead of sold; The government held more than 207,000 Bitcoin at the time, worth about $17 billion.
In July 2025, he he signed GENIUS Act, the first major federal crypto law, to establish a payment system for stablecoins. His administration has eased Biden-era pressure on the Justice Department and the SEC and rolled back restrictions on crypto banks. A larger market-related bill, the CLARITY Act, is still in Congress.
