According to The New York Times, Robinhood CEO Vlad Tenev said in an interview that the company is working with the U.S. government to run “Trump Accounts,” aiming to set up investment accounts for children born between 2025 and 2028. In response to outside criticism that the Robinhood platform or its efforts may encourage younger generations to “gamble,” Tenev said that any form of trading should not be simply defined as gambling. He emphasized that speculation is essential in financial markets; without speculators’ predictions of future prices, the market would lose its function. Tenev noted that Robinhood is trying to move away from the “label” of the meme-stock frenzy and aims to become an all-in-one financial platform covering all asset classes and financial transactions worldwide. In addition, Tenev revealed that more than 90% of his personal net worth is held in a single Robinhood stock.