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Scott Bessent: “There's already a coin.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Bessent: This was Iran's BIG mistake

Published May 31, 2026 | Video Starts at 14:35

And you know, I think it's a great sign, arbitrary note for a great president. And will we also have a coin with President Trump? There's already a coin. There's already a coin. There's already a coin. So treasury, we have sketched it out what it would look like because we have to prepare way in advance. (14:35–14:37)

CLAIM

Asserts that a coin [related to President Trump] already exists.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Scott Bessent

“The UAE has come out of OPEC.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 06:49-06:54
“44% of filers, 62 million forms we had filed, they applied for one of the President's four signature tax policies.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 07:10-07:20
“85% of our seniors didn't pay tax on their Social Security.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 07:23-07:27
“The whole EU is willing to pay 15% tariffs and take down the tariffs on us.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 09:50-09:57
“The year before we had had the worst budget deficit when we weren't in war, were In a recession, 6.7% of GDP.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 12:12-12:22
“President Trump's going to hold [the Iranians] to it, that with the Iranians, we'll see their government.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 00:38-00:46
“We didn't have regime change, but we changed the regime. The first layer there was decapitated. Second layer decapitated.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 00:47-00:57
“They're the largest state sponsor of terrorism.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 01:48-01:52
“Kharga island is shut down. That's their biggest oil loading facilities.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 03:28-03:34
“This is the first time the Iranians have ever been willing, 47 years have been willing to discuss not having a nuclear weapon.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 04:08-04:16
“West Texas is down about 20, 25% from, from the closing peak a couple of weeks ago.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 06:17-06:24
“Gasoline prices are down, I think about 5% now.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 06:27-06:31
“Factory construction and manufacturing construction up 17%.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 07:40-07:47
“We also want to get the Clarity act done to make us the digital asset capital of the world.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 08:39-08:46
“38% of American families have no exposure to our great equity market.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 10:44-10:50
“Treasury will seed those [Trump] accounts with $1,000.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 11:03-11:07
“We had a fiscal contraction for fiscal year 2025.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 12:06-12:11
“75% of the fertilizer needs for US farmers had already been taken care of for this planting season.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 13:22-13:28
“There's pending legislation in the House. If it passes, then we'll do it.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 14:09-14:14
“We have sketched it out what it would look like because we have to prepare way in advance.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 14:40-14:46
“If the legislation passes, then we'll do it. If it doesn't, we won't.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 14:46-14:51
“It's been printed. The bills haven't been registered with the Federal Reserve.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 14:59-15:04
“You'll be seeing more on that probably in the next two weeks.”
Bessent: This was Iran's BIG mistake | Uploaded May 31, 2026 | 15:03-15:07