The 'Trump Account' is about to be officially launched, with an expected injection of $30-50 billion in incremental funds into the US stock market in the first year BlockBeats News: On May 28th, US Treasury Secretary Bessent announced that the "Trump Account" app now supports app store downloads. For a long time, the financial market has been out of reach for too many people. We are proud to launch this app, a historic tool that brings the President's vision directly to American families. Download the app today from any app store to ensure your children are ready for the official launch on July 4th. The Trump Account is expected to inject $30-50 billion in incremental funds directly into the US stock market in the first year, and households and employers can add up to $5000 per account annually thereafter, which will continue to bring billions or even more stable capital inflows in the long run, forming long-term buying support. The Trump Account, also known as the 530A Account, is a tax deferred investment account program authorized by US President Trump on June 9, 2025, based on the "Big and Beautiful" Act. It provides government funded savings accounts for children of US citizens born between January 1, 2025 and January 1, 2029. The initial funding for the Trump account mainly comes from government grants, private donations, and household savings. Federal certification will provide an initial funding of $1000 for each account; Dell founder Michael Dell and his wife announced a donation of $6.25 billion in December last year, which will open accounts for 25 million children with a median household income below $150000 in the region, injecting $250 into each account; Parents, friends, and other specific individuals can also deposit into designated accounts, but up to $5000 per child per year can be deposited. On the investment level, the 'Trump Account' will be limited to investing in low-cost investment funds or exchange traded funds (ETFs) that track a wide range of stock price indices such as the S&P 500 index, and cannot be used to invest in specific industry indices or sector indices. Funds are also restricted in terms of usage, and funds in the account cannot be withdrawn for any reason before January 1st of the year when the child reaches the age of 18 and becomes a legal adult (unless the child passes away or the funds are transferred to another similar restricted account). The 'Trump Account' is tentatively scheduled to start accepting its first deposits on July 4, 2026 (the 250th anniversary of the US Declaration of Independence), just before the start of the 2026 midterm elections, and is expected to become an important policy 'kill tactic' for the Republican Party to win over voters. [Original link]