First since 1861: US paper currency to bear Donald Trump’s signature

US President Donald Trump's administration has once again stirred controversy, this time with a proposal to include his signature on American paper currency ahead of the country’s 250th anniversary.The US Treasury Department announced on Thursday that future US dollar notes will carry Trump’s signature alongside that of the Treasury Secretary, marking the first time in history that a sitting president’s signature will appear on paper currency.Treasury Secretary Scott Bessent said the move is intended to commemorate the United States’ semiquincentennial celebrations in 2026, according to CNN. Explaining the rationale behind the decision, Bessent said in an official statement, “Under President Trump’s leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability.”“There is no more powerful way to recognize the historic achievements of our great country and President Donald J Trump than US dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent added. Providing further context, the Treasury said the move is part of a broader effort to mark the 250th anniversary of the United States, during which Trump’s likeness is also expected to feature on commemorative materials.US Treasurer Brandon Beach linked the proposal to the administration’s economic narrative. “As the 250th anniversary of our great nation approaches, American currency will continue to stand as a symbol of prosperity, strength, and the unshakable spirit of the American people under President Trump’s leadership,” he said.Beach further added, “The President’s mark on history as the architect of America’s Golden Age economic revival is undeniable. Printing his signature on the American currency is not only appropriate, but also well deserved.”However, the announcement has raised legal and political questions. US law has long restricted the depiction of living individuals on currency, a rule dating back to 1866 aimed at preventing any perception of monarchy-like practices.In 1861, the US government issued its first general circulation paper money, known as Demand Notes to finance the Civil War due to coin shortages and war expenses. According to the Act of July 17, 1861, $5, $10 and $20 notes were payable on demand in coin and were nicknamed "greenbacks" due to their green reverse side. The currency proposal comes alongside another contentious plan under consideration which includes issuing a $1 coin featuring Trump to mark the anniversary. Draft designs shared by officials show the president’s profile on one side and an image of him standing before the American flag on the other.