Treasury Secretary Scott Bessent credited rapper Nicki Minaj during Thursday’s cabinet meeting for the rapid growth of the program meant to give America’s newborns a financial advantage. (Credit: Pool)
Treasury Secretary Scott Bessent said the Trump administration’s new Trump Account program has grown to about a million signups, marking a sharp increase in participation after Wednesday’s summit with the president. donald trump and rapper Nicki Minaj.
Bessent announced the updated figure during a cabinet meeting Thursday, telling Trump that enrollment had doubled after the high-profile eventwhich the administration has considered as an important push to publicize the program.
“We’ve now had a million people sign up to Trump accounts this week alone,” Bessent he said, adding that officials believe as many as 25 million families nationwide could be eligible.
Minajwho attended the event, praised the milestone on social media, framing the program as a victory for families and children.
“This is the best news. Wow. God is good,” Minaj wrote to X. “So happy for the kids that this will help and the burdens that will be lifted from all the hardworking parents in this country.”
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Treasury Secretary Scott Bessent speaks during a cabinet meeting Thursday at the White House. (Win McNamee/Getty Images/Getty Images)
Bessent also noted the visibility generated by the event, saying the segment with Trump and Minaj “has a billion hits, a billion hits on the Internet,” while touting the rollout of what has been framed as a family-focused author policy.
The Trump Accounts are designed to provide government-established investment accounts for American children, with the federal government contributing $1,000 per eligible child and allowing families, employers and others to add funds over time.
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Musician Nicki Minaj joins President Donald Trump on stage as he delivers a statement during the Treasury Department’s Trump Account Summit at Andrew W. Mellon Auditorium on Thursday in Washington, DC (Win McNamee/Getty Images/Getty Images)
according to TrumpAccounts.govthe program applies to children born between January 1, 2025 and December 31, 2028, and is expected to formally begin on July 5, 2026.
Treasury materials describe the accounts as long-term investments intended to grow over time, with families able to make additional contributions within the annual limits set out in the program’s guidance. The administration has pushed the initiative as a way to encourage early savings, financial literacy and long-term ownership.
The White House has leaned heavily on high-visibility promotion to drive the first push. Minaj appeared as a featured guest at a White House summit tied to the program’s rollout, an appearance that helped push the initiative across entertainment and social media threads.

Treasury Secretary Scott Bessent, left, and musician Nicki Minaj applaud during the Treasury Department’s Trump Accounts Summit Wednesday in Washington, DC (Win McNamee/Getty Images/Getty Images)
Minaj publicly praised Trump, referring to herself as his “No. 1 fan” at Wednesday’s summit.
With the program still months away from its formal launch, the administration is betting that the high-profile promotion and initial push will continue to drive enrollment as more families learn about Trump’s accounts.
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The Treasury Department did not immediately respond to FOX Business’ request for additional comment.
Fox News Digital’s Madison Colombo contributed to this report.







