Woofun AI reports that White House National Economic Council Director Hassett announced a joint bell-ringing ceremony by Nasdaq and the New York Stock Exchange in the Oval Office. The event marks the official launch of the 'Trump Account' for U.S. minors, with the initiative scheduled to go live on July 4th.

Eligible U.S. citizens born between 2025 and 2028 will receive a $1,000 initial government investment, while older children may also open accounts.

Additionally, Michael Dell and his wife Susan will provide $250 funding injections to some eligible children. The White House has not yet commented on this private funding arrangement.