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- Constitutional power of CongressThe power to coin money is a constitutional power of Congress1234. It means that Congress can issue coins and regulate their value123. The Constitution also allows Congress to regulate the value of foreign coin and fix the standard of weights and measures2. The Constitution does not mention paper money, but Congress has delegated this power to the Federal Reserve53. The power to coin money also implies the power to regulate every phase of currency and prevent counterfeiting14.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Constitution gives Congress the power over the currency of the United States including the power to coin money and regulate its value. Congress also has the power to charter banks to circulate money. The converse power of the creation of currency is to regulate any and all counterfeit currency.constitution.findlaw.com/article1/annotation37.htmlThe Congress "The Congress shall have power... to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures." This gives the Congress the power to coin money, as well as determine its value.www.historycentral.com/Civics/CONGRESS/coinin…According to the Constitution, Congress has the power to coin money and regulate its value. In 1913, Congress delegated this power to the Fed through the 1913 Federal Reserve Act. However, some argue that such a delegation is fundamentally unconstitutional.www.investopedia.com/articles/investing/041515/w…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 currency.www.law.cornell.edu/constitution-conan/article-1/se…The Constitution only authorized the federal government to issue coins, not paper money. Article One of the Constitution granted the federal government the sole power “to coin money” and “regulate the value thereof.” However, it said nothing about paper money.www.history.com/news/8-things-you-may-not-kno…
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