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Article I, Section 8, Clause 5: [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . . Because Article I, Section 10, Clause 1 of the Constitution prohibits the states from coining money, 1.
28 Αυγ 2024 · Article I, Section 8 grants Congress the exclusive power "to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures." This provision underscores the federal government's role in establishing a standardized currency system.
Because Article I, Section 10, Clause 1 of the Constitution prohibits the States from coining money, 1. the Supreme Court has recognized Congress’s coinage power to be exclusive. 2. The Supreme Court has also construed Congress’s power “to coin money” and “regulate the value thereof” to authorize Congress to regulate every phase of ...
2 Αυγ 2024 · The Constitution grants Congress authority over the currency of the United States, encompassing the powers to mint money and determine its value. Additionally, Congress has the authority to establish banks and manage the circulation of money.
As a result, the Constitution’s monetary clauses expressly grant Congress the power to coin money and to borrow money by issuing “notes” (i.e., interest-bearing government bonds), but not to ...
Coinage, Weights, and Measures. The power “to coin money” and “regulate the value thereof” has been broadly construed to authorize regulation of every phase of the subject of currency.
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; ArtI.S8.C5.1 Congress's Coinage Power.