US Treasury secretary confirms plans for banknote featuring Trump’s face

US Treasury Secretary Scott Bessent has confirmed that preparations are underway to print a proposed $250 banknote featuring President Donald Trump's face. This move anticipates potential legislation that would create an exception to the current law barring living individuals from appearing on US currency. Bessent stated that a design has been prepared in case lawmakers approve the change, which would mark the first time a living person has been featured on US currency in over a century. The proposed bill is intended to commemorate the 250th anniversary of the Declaration of Independence. Lawmakers in both the House and Senate are considering the legislation.

Proposed legislation is moving through the House and Senate that would allow President Donald Trump to appear on a new US$250 bill. Treasury Secretary Scott Bessent stated that this change would permit a living person, specifically President Trump, to be featured on the bill, coinciding with the nation's 250th anniversary. The Treasury Department has made preliminary preparations should the legislation pass, but will adhere to existing laws. This would mark the first time a living person, and a president, has been depicted on US currency in 150 years. The Washington Post first reported on this proposal.

The White House is proposing legislation to Congress that would allow a $250 bill bearing Donald Trump's portrait to be issued, according to Treasury Secretary Scott Bessent. This move would require changing a federal law prohibiting living individuals from appearing on U.S. currency. Bessent stated the bill is intended to celebrate the nation's 250th anniversary of independence and that the Treasury has begun preparing for this possibility. However, Democrats, including House Minority Leader Hakeem Jeffries, have vowed to block the proposal, deeming it inappropriate. The legislation faces significant hurdles in the Senate, where it is unlikely to gain the necessary support.