For U.S. currency at present, no living person can be on U.S. currency, and the currency must say 'In God We Trust'.
Scott Bessent
The Public Record
U.S. Secretary of the Treasury in the Trump administration; hedge-fund manager and founder of Key Square Group.
So we have prepared in advance that if the legislation is passed. But we will stick to the law.
As treasury secretary, I have two mandates for US currency at present: that no living person can be on US currency, and the currency must say ‘In God we trust’.
So, right now, there is proposed legislation in 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 the $250 bill.
This should not be wired out of the country and we are going to be cracking down on that.
Think of the absurdity of money being wired from Minnesota by these individuals that could have come from government programs or from excess benefits.
Treasury will deploy all tools to bring an end to this egregious, unchecked fraud and hold perpetrators to account.
Minnesota is going to be the protocols, procedures and investigative techniques and collaboration. Minnesota is going to be the genesis for a national rollout.
Stabilizing a strong American ally – and making tens of millions in profit for Americans – is an America First homerun deal.
I am here this week to signal the U.S. Treasury’s unwavering commitment to recovering stolen funds, prosecuting fraudulent criminals, preventing scandals like this from ever happening again, and investigating similar schemes state by state.