No Plans to Cancel Penny
- U.S. Treasury denies penny cancellation for debt reduction.
- No official confirmation or policy change announced.
- Current fiscal focus on broader economic reforms.
Reports are circulating that the U.S. penny might be discontinued to tackle national debt, though no official sources confirm this as of November 14, 2025.
Concerns about the U.S. penny’s future highlight the complexity of national debt discussions, yet no tangible impact on cryptocurrencies or markets has been observed.
No Plans to Cancel Penny
The recent rumor claiming the U.S. penny will be cancelled to address the $36 trillion national debt has been refuted. No official announcements support this claim, and primary sources confirm no current policy changes regarding the penny.
The U.S. Treasury, Federal Reserve, and government leaders have not suggested eliminating the penny. Current fiscal discussions center around tax reforms and debt ceilings, not changes to the penny’s status as a currency. As noted by the Council of Economic Advisers, White House, “President Trump’s proven economic formula — historic tax relief, rapid deregulation, balanced trade, and reining in wasteful spending — will slash our debt down to just 94% of GDP by 2034.” Source
The false rumor has not affected financial markets or cryptocurrency trends. There is no impact on digital assets or sectors relying on physical currency changes following the speculation related to the penny.
Overall, government entities focus on economic measures and financial reforms unrelated to penny elimination. Official fiscal strategies remain on deficit reduction and tax policy adjustments, not currency restructuring.
No regulatory bodies or major financial institutions have acknowledged the rumor, showcasing stability in fiscal operations. Historical trends show that coin elimination discussions focus on production costs, not large-scale economic policy.
Experts calculate no direct effect on monetary or technological sectors from removing a low-denomination coin. Past data illustrate the penny remains unaffected by fiscal policy changes, contrary to current speculation.
