Treasury Department Supports Trump $1 Coin Amid Challenges
Treasury Department's Defense of Trump $1 Coin Plan
The Treasury Department is defending its initiative to honor President Trump with a $1 coin, stating this commemorates the U.S. semiquincentennial. This allows the administration to navigate around long-standing laws that only permit deceased individuals on currency.
Legal Authorization and Details
This plan was revealed in a Monday post from the Treasury Department, claiming it is authorized under the Circulating Collectible Coin Redesign Act of 2020. This act facilitates the minting of coinage that reflects the nation’s significant anniversary.
- Design features Trump alongside the American flag.
- Coin includes the phrase “Fight, Fight, Fight,” shouted by Trump after a reported assassination attempt.
- Plans are underway to print the coins despite existing legal frameworks.
Political Responses
Despite this initiative, there has been significant political backlash from Democrats. Notably, Rep. Ritchie Torres criticized the plan, emphasizing that America's currency should represent “big, beautiful faces,” not “big, ugly faces.” Torres is proposing The TRUMP Act to restrict living leaders from appearing on any currency.
Earlier proposals to feature Trump on other denominations highlight ongoing debates about presidential representation on U.S. currency.
Final Thoughts
As the Treasury moves forward with these plans, it will continue to face scrutiny from various political factions, illustrating the complexities of currency representation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.