Coinbase has submitted formal comments to the Internal Revenue Service recommending that qualified digital asset products be included in the investment scope of the proposed "Trump Account" program. Chief Policy Officer Faryar Shirzad stated the exchange advocates for allowing beneficiaries to invest in broadly traded digital assets or gain exposure through funds, aligning the account's qualified investments with traditional IRA standards.
The company argues that product-neutral rules would expand investor choice, promote competition, and provide young Americans with greater diversification opportunities for wealth accumulation. Current IRS draft guidelines for the program's growth phase limit qualified investments primarily to unleveraged mutual funds or ETFs tracking broad U.S. stock indexes with annual fees not exceeding 0.1%.
Coinbase Urges IRS to Include Digital Assets in Trump Account Investment Scope
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
