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Hind Al Soulia - Riyadh - WASHINGTON — US Secretary of the Treasury Scott Bessent has said preparations are under way to print a new $250 banknote featuring President Donald Trump, though any such banknote would require a change in federal law.
The bill's development comes in response to legislation proposed last year by Rep. Joe Wilson, a Republican from South Carolina, the department said.
US law bars any living person from appearing on US currency, but legislation was introduced last year to create an exception to allow current and former presidents to be featured.
Speaking at the White House on Thursday, Bessent said a design had been prepared in anticipation of a change in the law.
“Right now, there is proposed legislation – front of the House, in front of the Senate – to change the first requirement so that a living person, Donald J Trump, could be on a $250 bill,” Bessent said.
Bessent made his comments after The Washington Post reported that Treasurer Brandon Beach, a Trump appointee, has been pushing the Bureau of Engraving and Printing to expedite the process for a new currency note to mark the 250th anniversary of the Declaration of Independence this July 4.
“I don’t think that there’s anything untoward about having the president of the United States, the person who’s president of the United States, on the 250th anniversary bill,” Bessent told reporters.
A design mock-up obtained by The Washington Post showed the words “America 250 anniversary”, a nod to the US declaring its independence on July 4, 1776.
A banknote featuring Trump’s face would be the latest example of the US president expanding his personal brand in his official capacity since returning to the White House in 2025.
Banners featuring Trump’s portrait have been hung on the Department of Justice and other federal buildings.
And his slate of appointees to the Kennedy Center governing board added his name to the national performing arts facility, which Congress originally designated as a memorial to assassinated President John F Kennedy.
Trump’s signature is also set to appear on US currency as part of plans to mark the 250th anniversary, a first for a sitting president.
US banknotes have until now featured the signatures of the Treasury secretary and the treasurer.
In March, the US Commission of Fine Arts, led by Trump appointee Rodney Mims Cook Jr, approved the minting of a commemorative gold coin bearing the Republican president’s image.
The announcement, which relied on a legal loophole for commemorative coins, prompted a backlash from critics, who likened the move to the behavior of dictators and monarchs.
Over the past year, the president has sought to imprint more forms of currency with his name or image.
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