SoFi To Seed Trump Accounts: Bessent's '50 State Challenge' Gains Steam

Benzinga_recent_news01-17

SoFi Technologies, Inc. (NASDAQ:SOFI) is the latest employer to announce it will match the federal government’s $1,000 seed contribution for the newly established tax-advantaged children’s investment ...

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(NASDAQ:SOFI) is the latest employer to announce it will match the federal government’s $1,000 seed contribution for the newly established tax-advantaged children’s investment ...</p>\n\n<a href=\"https://www.benzinga.com/personal-finance/tax/26/01/49972873/sofi-to-seed-trump-accounts-bessents-50-state-challenge-gains-steam\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1894683348.USD","symbol_name":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","start_time":0,"source_url":"https://www.benzinga.com/personal-finance/tax/26/01/49972873/sofi-to-seed-trump-accounts-bessents-50-state-challenge-gains-steam","article_id":"2604596913","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/01/16/Dollar-Money-And-American-Flag--Bankrupt.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/personal-finance/tax/26/01/49972873/sofi-to-seed-trump-accounts-bessents-50-state-challenge-gains-steam","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2604596913","pubTimestamp":1768585500,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"SoFi will contribute $1,000 to its employees' children's Trump Accounts. 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(NASDAQ:SOFI) is the latest employer to announce it will match the federal government’s $1,000 seed contribution for the newly established tax-advantaged children’s investment accounts, known as Trump Accounts. \nSoFi CEO Anthony Noto touted the benefits of early investing and compound interest within the Trump accounts.“Opening the door for more Americans to invest early will unlock decades of compound growth and transform financial outcomes over a lifetime. It is one of the most powerful steps we can take as a country, and SoFi was built to deliver secure, low-cost accounts at scale,\" Noto said. \nTreasury Secretary Scott Bessent has launched  “The 50 State Challenge” to encourage philanthropists to match or contribute to increase the starting capital for the next generation.\nBessent took to X to applaud SoFi for its support of the Trump Account program. \n\"Thank you to @SoFi and @AnthonyNoto for their early leadership in support of @TrumpAccounts. Matching the federal $1,000 contribution is a strong commitment to helping families invest early and build long-term financial security for the next generation,\" Bessent said in the post. \nSeveral other major companies have joined the growing list of employers matching the federal government’s $1,000 seed for their U.S. employees’ newborns, including:\nOther companies have been recognized by the Treasury Department for “generous support,” which includes integrating Trump Accounts into employee benefit portals or providing fee-free investment architecture:\nBeyond employee matches, some billionaires are showing a willingness to contribute:\nTrump Accounts are scheduled to go fully live on July 5, 2026. Families can track their eligibility and potential matches through the official portal at TrumpAccounts.gov.\nPhoto: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2604596913","isCrawlerRequest":true}