Robinhood to Launch Trump Accounts on July 4 as Washington Bets on Next-Gen Retail Investors

Robinhood is expected to be involved with the rollout of the new Trump Accounts, which will be U.S. Treasury-backed saving accounts for children, as the transfers are slated to start before the program’s official launch on July 4. The goal is to encourage investing for the long term by supporting early investing with federally sponsored investment accounts.