Robinhood is expected to play a role in the rollout of the new Trump Accounts program, a U.S. government-backed savings initiative designed to encourage long-term investing for children. The program is scheduled to officially launch on July 4, with account transfers expected to begin beforehand through the U.S. Treasury. The Trump Accounts initiative will provide eligible children under the age of 18 with a $1,000 government-funded contribution. To qualify, a childs parents must have a valid Social Security number. Families, relatives, and other third parties can contribute up to $5,000… Read more
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