The power to coin money refers to the authority given by the U.S Constitution exclusively to Congress (the legislative branch) to create and control currency in order to regulate commerce.
Related terms
Federal Reserve: The Federal Reserve is an independent institution created by Congress that acts as the central bank of the United States, responsible for managing monetary policy and regulating banks.
Currency: Currency refers to any form of money in circulation, such as coins or banknotes, that is accepted as a medium of exchange for goods and services.
Commerce Clause: The Commerce Clause is a provision in the U.S Constitution that grants Congress the power to regulate interstate commerce, which includes issues related to currency.