The design for the U.S. Treasury Department's $1 Trump commemorative coin has been criticized by lawmakers for its association with the Meme cryptocurrency Trump.
PANews reported on October 31 that, according to The Block, the U.S. Treasury Department is preparing to issue a $1 coin featuring the image of President Trump, a development that has angered some lawmakers who claim the coin's reverse design is linked to the cryptocurrency Trump. On Thursday, at a nomination hearing before the Senate Banking Committee, Democratic Senator Chris Van Hollen questioned Paul Hollis, the nominee for the next head of the Treasury's Mint, about the coin's design. The obverse features Trump's portrait, while the reverse depicts him standing in front of the American flag, raising his fist, with the slogan "Fight, Fight, Fight" on either side. This slogan is also the name of the company behind Trump. "It is illegal to put the president's portrait on official coins, and what's even more infuriating is that it echoes the design of Meme coins from which the president has profited. To me, that's obvious," said Congressman Van Hollen on Thursday. When asked about the coin, Mint nominee Paul Hollis said he was "100% committed to always obeying the law."