**[Robinhood Integrates Trump "Children's Investment Account" Plan, HOOD Closes Up 11.29%]** BlockBeats News, May 29: Robinhood's stock price closed up 11.29%, driven by the official launch of the U.S. government-backed "Trump Accounts" children's investment account application. According to the announcement, eligible U.S. children under the age of 18 can open tax-advantaged investment accounts. Children born between 2025 and 2028 with valid Social Security numbers will receive an initial $1,000 in funding provided by the U.S. Treasury. Family members and employers can contribute up to an additional $5,000 annually. Robinhood Securities will serve as the initial trustee for the program, responsible for managing account assets. Account funds will be defaulted to low-cost index funds, and users can monitor investment performance and account growth through the app. The program is expected to officially launch on July 4, 2026. [Original Link]