Wyoming Senator Cynthia Lummis says that Kraken Crypto Exchange is stepping up to sponsor Trump Accounts for every newborn in the Cowboy State throughout 2026.
She’s thrilled about it, saying she’s grateful to Kraken Crypto Exchange for investing in Wyoming’s next generation and the long-term economic strength of the state.
Kraken Crypto Exchange’s co-CEO Dave Ripley explains the reasoning behind the company picking Wyoming as its global headquarters is because of the state’s forward-thinking, responsible approach to crypto regulations.
They want to keep pouring resources back into the place they call home. Starting financial habits early changes everything, and Kraken Crypto Exchange believes innovation like this makes building wealth more reachable for everyday families.
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Kaken Crypto Exchange, in their blog, highlighted how Wyoming’s supportive environment helped them become the first U.S. Special Purpose Depository Institution. They went on to add how that played a key role in launching the Frontier Stable Token.
Kraken Crypto Exchange and Trump Accounts
For those not familiar, Trump Accounts are savings accounts designed for kids under 18. Parents or guardians set them up, and under the current pilot, the federal government kicks in $1,000 for any child born between January 1, 2025, and December 31, 2028. The funds grow over time, locked until the kid turns 18, giving them a solid head start.
Big traditional banks like JPMorgan, Bank of America, and Wells Fargo have already shown support in different ways, along with other major players.
Now Kraken Crypto Exchange joins the mix, bringing that crypto edge to the table. They haven’t specified the exact amount they’ll add to each Wyoming newborn’s account yet, but the promise to cover every eligible baby in the state for 2026 is huge.
This fits into a wider trend where crypto companies are giving back to the places that have welcomed them.
Just last week, Polymarket opened a free grocery store in New York City and committed to donating millions of meals across the boroughs. Competitors like Kalshi ran similar giveaways too.
Overall, it’s exciting to see Kraken Crypto Exchange leading by example, tying its success to real family benefits in a pro-crypto state. Because this inevitably inspires more crypto companies to be sustainable.
