U.S. Report: Trump's account allows the wealthy to gift stocks directly

The Trump administration is internally discussing expanding the scope of the “Trump Account” (Account 530A), which may allow donations of stocks from companies instead of only cash deposits.

Currently, this account only allows investments in diversified index funds and does not accept stock donations. If the regulation is amended, the world’s wealthiest individuals could transfer stocks like Tesla, SpaceX, or Nvidia into this account.

The new idea is believed to aim at leveraging the unrealized assets of billionaires like Elon Musk or Jensen Huang. Under the current approach, allowing only index funds is seen as a measure to protect children from market volatility.

If individual stocks are permitted, recipients could hold large-cap technology stocks for the long term. However, this proposal has also sparked debate within the Treasury Department, and any changes will require regulatory amendments, possibly through new legislation.

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