Coinbase backs broader digital-asset access under proposed “Trump Accounts” plan

Coinbase said it was among the earliest supporters of the proposed “Trump Accounts” plan, with President and Chief Operating Officer Emilie Choi publicly backing the initiative. The company’s chief policy officer, Faryar Shirzad, said Coinbase has submitted comments to the U.S. Internal Revenue Service on how the account should be implemented and expanded. In those comments, Coinbase urged regulators to let beneficiaries invest in broadly traded digital assets directly or gain exposure through funds, arguing that the eligible investment universe should match the major asset classes already permitted in traditional Individual Retirement Accounts, or IRAs. Coinbase said a broader, product-neutral framework would expand investor choice, support competition, and give younger Americans more ways to diversify investments and build wealth. Under an earlier IRS proposal, qualified growth-stage investments were largely limited to mutual funds or exchange-traded funds that track broad U.S. equity indexes, use no leverage, and charge annual fees of no more than 0.1%.