A fake video of President Donald Trump introducing the Bitcoin Whitepaper in the Oval Office is going viral on social media. However, the truth behind this story reveals a notable reality: Trump is indeed pushing America deeper into the crypto revolution.
The Truth About the Viral Video
The clip shows Trump pulling back a curtain to reveal a printout of the document "Bitcoin: A Peer-to-Peer Electronic Cash System" (Bitcoin Whitepaper), instead of the Declaration of Independence. In the video, he turns to Fox News host Laura Ingraham and says:
"Do you think Joe Biden would do this? I don’t think so... Do you think he even knows what it is?"
However, #meta and verified communities on X quickly flagged it as a manipulated video. In reality, the original footage comes from a Fox News program where Trump showcased a copy of the Declaration of Independence that he had brought into the Oval Office.
Although fake, this video still reflects an important reality: Trump is pushing for stronger crypto-friendly policies than ever before.
Trump and the Real Crypto Revolution
Not stopping at branded NFTs $TRUMP or family-backed token projects, the new Trump administration has taken strategic steps with cryptocurrency:
Establishing a national Bitcoin fund: Just weeks after taking office, Trump signed an executive order to create a strategic Bitcoin reserve for America.
Dropping major crypto lawsuits: The U.S. Securities and Exchange Commission (SEC) has withdrawn legal enforcement actions against Kraken, ConsenSys, Immutable, and Crypto.com, marking a significant policy shift.
Partnership with Crypto.com: Trump Media has partnered with Crypto.com, further strengthening the ties between #TRUMP and the crypto industry.
The U.S. Crypto Policy Shift
The Trump administration did not stop at executive orders but also promoted systemic changes:
Repealing the controversial tax regulation from the Biden era: The U.S. Senate just voted 70-28 to repeal the regulation requiring DeFi platforms to collect and report user tax data.
Promoting laws on stablecoins and digital asset markets: At the Digital Chamber Blockchain Summit in Washington, House and Senate leaders showed clear progress in passing the FIT21 bill to regulate crypto and establish a legal framework for stablecoins.
Conclusion: Is Trump Turning America into the World’s Crypto Capital?
Even though the video of Trump announcing the Bitcoin Whitepaper is just an edited product, the message behind it is not wrong: The Trump administration is truly ushering America into the crypto era.
From building a Bitcoin reserve to loosening regulations and promoting crypto-friendly laws, Trump is laying the groundwork to make America the largest blockchain financial hub in the world.
Will these policies help America lead the cryptocurrency revolution, or will they create new legal risks? Let’s wait and see!
