US Treasury secretary confirms plans for banknote featuring Trump’s face
Summary
The US Treasury is preparing to print a new $250 banknote featuring President Donald Trump’s face, pending approval from lawmakers. Current law prohibits living people from appearing on US currency, but proposed legislation could allow President Trump to be on this special anniversary bill.Key Facts
- US Treasury Secretary Scott Bessent confirmed plans for a $250 bill with President Trump’s image.
- A change in law is needed because US rules currently forbid living people on money.
- The bill celebrates the 250th anniversary of the Declaration of Independence (1776).
- Treasurer Brandon Beach, appointed by President Trump, is pushing to speed up the note’s creation.
- Trump’s image is also set to appear on a commemorative gold coin approved by the US Commission of Fine Arts.
- This would be the first time a sitting president’s portrait appears on US currency.
- Trump’s signature will appear on the new currency, in addition to the usual Treasury officials’ signatures.
- Some critics compare these moves to actions taken by dictators or monarchs, drawing attention to the personal branding by a sitting president.
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