Trump promotes a universal investment plan, giving each newborn $1,000 for cryptocurrency investment? Let's take a closer look at the details of this policy👇

On Monday, Trump hosted a roundtable meeting at the White House, focusing on a key initiative in the Republican comprehensive domestic policy bill - a plan to provide a $1,000 investment account for every American newborn.

According to the pilot program passed by the House of Representatives, the government will establish exclusive accounts for American citizens born between January 2025 and January 2029, named "Trump Accounts." The initial funding will be injected by the government with $1,000, uniformly allocated to index funds linked to the U.S. stock market, managed by the legal guardians.

The account supports subsequent additional investments: guardians or other private entities can deposit up to an additional $5,000 per year during the child's growth period, with all funds directed to index fund products tracking the U.S. stock market.

Account equity is released in stages: beneficiaries can withdraw 50% of the account balance upon turning 18; starting at 25 years old, they can fully withdraw funds for approved uses, such as applying for small business loans or paying for higher education expenses; by age 30, beneficiaries can fully control all funds in the account, with no restrictions on use.

How should this policy be interpreted? Can you tell me in the comments?