Treasury Secretary predicts historic merger could make 2026 a ‘very good year’

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he thinks would give every American child a stake in the financial system and at least one major crypto-focused S&P 500 company has decided to join in.The Trump accounts program is part of the Working Families Tax Cuts (Section 70204) provision of the One Big Beautiful Bill Act (OBBBA) that President Donald Trump signed into law on July 4.These accounts involve a pilot contribution of $1,000 from the U.S. Treasury for American children born between Jan. 1, 2025, and Dec. 31, 2028.Robinhood Markets (Nasdaq: HOOD), the e-trading platform offering cryptocurrencies and tokenized stocks, has committed to matching the Treasury contribution of $1,000 to Trump Accounts for eligible children of its employees.Related: Treasury Chief Bessent reverses stance, says U.S. will buy BitcoinBessent recently joined hosts David Friedberg, Jason Calacanis, and Chamath Palihapitiya on the All-In Podcast in which he framed Trump accounts as:"The biggest merger in history because it is merging Main Street and Wall Street.”The initiative would expand general participation in financial markets so that more Americans have a direct stake in capitalism, he said.Currently, Bessent noted, roughly 38% of Americans don't own equities, either directly or through retirement accounts like 401(K)s.Notably, the Trump administration is trying to open up the retirement market to crypto assets. In August, Trump signed an executive order to make it easier for Americans to use their retirement savings to invest in alternative assets like cryptocurrencies.U.S. Treasury Secretary Scott Bessent adjusts his glasses during a meeting with U.S. President Donald Trump and President of Argentina Javier Milei in the Cabinet Room at the White House on October 14, 2025Regarding the Trump accounts, Bessent said the policy could reshape how younger generations view the economic system. Early market participation could strengthen Americans' confidence in capitalism, he added.Bessent acknowledged that many Americans on Main Street remain dissatisfied with the administration on inflation and broader economic conditions but said the Trump administration inherited the "mess" from the Joe Biden administration.But 2026 is going to be a "very good year for the American people, for Main Street," he said.The long-standing divide between Main Street and Wall Street is going to end as Trump accounts would allow the average Joe on Main Street a stake in Wall Street, Bessent reiterated.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,932.05 +22.26 (+0.32%)Dow 3048,731.16 +288.75 (+0.60%)Nasdaq23,613.31 +51.46 (+0.22%)Russell 20002,548.08 +6.96 (+0.27%)VIX13.47 0.00 (0.00%)Gold4,502.80 -2.90 (-0.06%)Trending tickersBTC-USD Bitcoin USD 87,995.16 +562.41 (+0.64%)ETH-USD Ethereum USD 2,946.36 +1.38 (+0.05%)XRP-USD XRP USD 1.87 +0.00 (+0.01%)GROQ.PVT Groq 29.78 0.00 (0.00%)SOL-USD Solana USD 122.84 +0.16 (+0.13%)PortfolioSign in to access your portfolioSign inTop gainersEWTX Edgewise Therapeutics, Inc. 27.29 +5.55 (+25.50%)PSNYW Polestar Automotive Holding UK PLC 7.40 +1.00 (+15.63%)TVTX Travere Therapeutics, Inc. 40.28 +4.92 (+13.91%)PSNY Polestar Automotive Holding UK PLC 17.18 +2.05 (+13.55%)PATH UiPath Inc. 17.16 +1.20 (+7.52%)Top losersASTS AST SpaceMobile, Inc. 78.05 -7.62 (-8.89%)HYMC Hycroft Mining Holding Corporation 24.96 -2.18 (-8.03%)QBTS D-Wave Quantum Inc. 27.52 -1.60 (-5.49%)BETA BETA Technologies, Inc. 30.12 -1.50 (-4.74%)PPTA Perpetua Resources Corp. 26.58 -1.12 (-4.04%)Most activeNVDA NVIDIA Corporation 188.61 -0.60 (-0.32%)PLUG Plug Power Inc. 2.1000 +0.0500 (+2.44%)TSLA Tesla, Inc. 485.40 -0.16 (-0.03%)INTC Intel Corporation 36.16 -0.19 (-0.52%)NKE NIKE, Inc. 60.00 +2.66 (+4.64%)Top economic eventsEarnings eventsMy earnings eventsEarnings events