Plans for a new $250 note featuring President Donald Trump have sparked internal discord within the U.S. Treasury Department. Treasury Secretary Scott Bessent confirmed that mock-ups of the proposed currency are being prepared, contingent on Congressional approval . Current law prohibits living individuals from appearing on U.S. currency,but legislation is pending in both the House and Senate to amend this rule.
During a White House briefing,Bessent explained that the initiative aims to change existing mandate that restricts living figures on currency. "There are two mandates for U.S. currency . At present,no living person can be on U.S. currency,and the currency must stay in God we trust," he said. He emphasized that Treasury is ready to move forward if the legislation passes .
The push for the new note has coincided with the reassignment of Patricia Solimene, the former director of the Bureau of Engraving and Printing. Reports indicate that her transfer was not voluntary. In a note to staff, Solimene stated,"I have never sacrificed the values or character of myself or organization and always prioritized the U.S. Currency Program." She added, "The buck stopped here," before her departure.
Controversy surrounding the proposed note has intensified, particularly given Trump's previous interest in altering U.S . currency. Last year, a commemorative coin featuring his image was unveiled, raising questions about legal precedents and the long-standing 1866 law that discourages depicting living individuals on currency. In March, an arts commission appointed by Trump approved a gold coin with his likeness, which depicted him in a stern pose alongside an eagle .
In a separate initiative,the Treasury announced that Trump would be first sitting president to have his signature on U.S. dollar bills, appearing alongside Bessent's signature. This move marks a significant departure from tradition,which typically features the signature of the U.S. treasurer.
The proposed $250 note and the changes to currency design have reignited discussions about the traditions governing U.S. currency. As the Treasury navigates these developments, the outcome remains uncertain, pending legislative approval.
