第一财经

Is a commemorative banknote featuring Trump's portrait really going to be released? That's what Besant has to say.

原文:特朗普肖像纪念钞真要来了? 贝森特这样说

Summary of Key Points

The U.S. Treasury has completed the design for a 250-dollar commemorative bill featuring a portrait of Donald Trump, but its issuance depends on whether Congress will amend the law (current legislation prohibits depicting living individuals on currency). This commemorative bill is being prepared to celebrate the 250th anniversary of the founding of the United States, and the related bill was proposed by Republican legislators last year but has since been put on hold. If issued, the 250-dollar bill would become the largest denomination in circulation. There are controversies regarding the design of this bill, including AI-generated prototypes, and it is also linked to a series of Trump-related commemorative initiatives recently.

1. Where Will the Bill Be Issued? – Legal Barriers and Legislative Stalemate

There’s a strict rule in the U.S.: living people cannot be depicted on banknotes. To include Trump (who is still alive) on the 250-dollar bill, the law must be changed. Last year, Republican Representative Wilson from South Carolina proposed a bill to create an exemption for this commemorative bill, but it has not been passed yet. The Treasury Department says they have only prepared the design in advance and will only start printing after the legislation is approved; ultimately, it’s up to Congress to make the decision.

2. Why Is the 250-Dollar Denomination a New Development?

The largest denomination of banknotes currently available to the general public in the U.S. is 100 dollars. Larger denominations such as 500, 1000, and even 10,000 dollars were once issued but were discontinued in 1969 for practical reasons: they are rarely used in everyday transactions and can be easily exploited for criminal activities like money laundering and tax evasion. There is also a 100,000-dollar bill, but it is only used for internal transfers between Federal Reserve banks and is not commonly seen by the public. Therefore, if the 250-dollar bill is issued, it would be the largest denomination of U.S. currency that ordinary people can hold.

3. Design: AI-Generated Prototypes and Official Secrets

Someone found an AI-generated prototype of the 250-dollar bill on Wilson’s personal website, which showed a colored portrait of Trump on the left side. However, Treasury officials confirmed that this was fake. Why? The U.S. Mint has strict anti-counterfeiting regulations: the design for new currency takes several years to develop, and to prevent counterfeiters from getting ahead of the game, the design is only released 6-8 months before issuance. Any designs that are currently circulating are considered “leaked information”; the Treasury Department says they have completed their design but will not reveal it yet.

4. The Political and Commemorative Context: 250th Anniversary of the Country’s Founding + Trump’s Presence

This initiative is tied to the 250th anniversary of the country’s founding (in 2026). The Treasury has already announced the design for commemorative coins (5 cents, 10 cents, etc., to be issued in 2026), which clearly bear Trump’s influence. He personally selected the U.S. Commission of Fine Arts, which approved the inclusion of his portrait on the commemorative gold coins this March. The Treasury also plans to include his signature on the new dollar bills. The 250-dollar bill is part of this series of commemorative efforts, both celebrating the country’s founding and increasing Trump’s political visibility.

5. Conclusion: Will This Happen?

It’s currently uncertain. The legislation is stuck in Congress, and there are significant concerns about the potential risks associated with large-denomination banknotes. Although the Treasury has completed the design, without congressional approval, it’s all just theory. Even if the bill is passed, the printing and issuance process will take time, and the new bill might not be available until at least 2026, during the anniversary celebrations. For now, we’re still at an early stage.

By breaking down the news in this way, complex financial and business information can be presented in a more accessible format that is easier for the general public to understand. The key points, obstacles, and behind-the-scenes details are all clearly explained.