Cryptocurrency Q&A
What is the power coin money?
What is the power coin money?
CryptoKnight
Wed Nov 13 2024
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5 answers
908
I recently encountered a term called 'power coin money' and I'm quite curious about it. Could someone please explain what 'power coin money' is and possibly its background or context?
5 answers
CryptoBaroness
Fri Nov 15 2024
Article I, Section 8, Clause 5 of the Constitution is famously known as the coinage clause.
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Pietro
Fri Nov 15 2024
This clause vests the exclusive power to coin money in the hands of Congress.
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CryptoVisionary
Fri Nov 15 2024
No other entity or institution is authorized to perform this function.
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emma_grayson_journalist
Fri Nov 15 2024
The Supreme Court has further elaborated on this clause, stating that Congress holds the sole authority to regulate all aspects of United States currency.
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SejongWisdomKeeperElite
Thu Nov 14 2024
This includes not just the minting of coins but also the oversight of paper money and other forms of tender.
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