COINBASE ASKS IRS TO ALLOW DIGITAL ASSETS IN TRUMP ACCOUNTS

Summary from the TLDR Crypto newsletter

Coinbase Chief Policy Officer Faryar Shirzad submitted a formal response to the IRS requesting guidance on Trump Accounts, a new tax-advantaged savings account category for American children created under the One Big Beautiful Bill. Coinbase is asking the IRS to allow beneficiaries to invest in widely traded digital assets or in funds with digital asset exposure, which would route federally subsidized long-term savings into crypto markets for the first time. The submission is the first major industry move to shape the asset eligibility rules for these accounts before IRS implementation guidance is finalized. Coinbase frames the push as expanding economic access for young Americans, aligning with its broader policy agenda to embed digital assets into mainstream financial infrastructure.