U.S. President Donald Trump Has Bitcoin Whitepaper in the Oval Office – New Crypto White House Strategy?

The Social media platform X, is flooding with viral videos of President Donald Trump hanging the Bitcoin Whitepaper.

A viral video on X, the social media platform formerly known as Twitter, claims to show President Donald Trump unveiling the Bitcoin whitepaper in the Oval Office.

The clip, which has been viewed millions of times, shows Trump pulling back a curtain to reveal the Bitcoin whitepaper hanging on the wall of the Oval Office. The video is then cut to show Fox News correspondent Sarah Harris interviewing Trump about the document.

However, the video has been doctored. The original segment, which aired on The Ingraham Angle, shows Trump revealing the U.S. Declaration of Independence, not the Bitcoin whitepaper.

The claim that the Bitcoin whitepaper is hanging in the Oval Office first surfaced when several X users began sharing posts and videos about it.

One user, an influencer with over 1.1 million followers, shared a post about the Bitcoin whitepaper being in the Oval Office. The post, which has been liked over 78,000 times, claims that the president has the Bitcoin whitepaper in his private office at the White House.

Another user, a crypto influencer with over 184,000 followers, shared a post about the Bitcoin whitepaper being a "huge W." The post, which has been viewed over 1.5 million times, claims that the president is "going to drop a HUGE announcement about Bitcoin."

The spread of this rumor highlights the challenges of combating misinformation in the cryptocurrency space. Fake news and manipulated media can quickly amplify narratives and mislead large audiences in the interconnected online world.

As of August 2023, Trump has not made any public statements about Bitcoin or cryptocurrency. However, he has expressed interest in blockchain technology, which underlies Bitcoin and other cryptocurrencies.

In 2019, Trump signed an executive order directing federal agencies to study the potential of blockchain technology. The order also calls for the creation of a national strategy for cryptocurrency and a new presidential commission to advise the president on the issues.

"I am directing the heads of all relevant executive departments and agencies to take the necessary steps to study, evaluate, and advise on the potential of blockchain technology to promote, and where appropriate, to use in support of, United States economic prosperity, national security, and foreign policy objectives," the executive order reads.

The Trump administration's plans for blockchain technology were part of a broader effort to promote innovation and economic growth. The administration also set a goal of cutting federal regulations by 80 percent and increasing energy production.

"We will unleash a wave of prosperity such as our nation has never seen before," Trump said at the time. "Together, we are making America strong again, America safe again, and America respected again throughout the world."

The administration's plans for blockchain technology were met with mixed reactions. Some experts expressed concern about the potential for fraud and abuse in the cryptocurrency market. Others praised the administration's focus on innovation and economic growth.

"The president's executive order is a welcome step in the right direction," said Paul Grewal, chief legal officer at cryptocurrency exchange Coinbase. "It provides a framework for federal agencies to cooperate on cryptocurrency policy and to develop a national strategy for the responsible use of blockchain technology."

Grewal added that the executive order is "a clear signal that the Trump administration is serious about harnessing the transformative power of blockchain technology for the American people."

The administration's plans for blockchain technology were also praised by cryptocurrency trade groups.

"We applaud the Trump administration for taking this important step to promote innovation and competition in the cryptocurrency sector," said the Token Alliance, a trade group that represents cryptocurrency companies.

The group's president, Steve Beare, said that the executive order "will help to ensure that the U.S. remains a global leader in the cryptocurrency and blockchain revolution."

The Trump administration's plans for blockchain technology were part of a broader effort to promote innovation and economic growth. The administration also set a goal of cutting federal regulations by 80 percent and increasing energy production.

"We will unleash a wave of prosperity such as our nation has never seen before," Trump said at the time. "Together, we are making America strong again, America safe again, and America respected again throughout the world."

The administration's plans for blockchain technology were met with mixed reactions. Some experts expressed concern about the potential for fraud and abuse in the cryptocurrency market. Others praised the administration's focus on innovation and economic growth.

"The president's executive order is a welcome step in the right direction," said Paul Grewal, chief legal officer at cryptocurrency exchange Coinbase. "It provides a framework for federal agencies to cooperate on cryptocurrency policy and to develop a national strategy for the responsible use of blockchain technology."

The Trump administration is planning a complete overhaul of the U.S. Agency for International Development (USAID) using blockchain technology, according to a report by The Block. The report, which cites four anonymous sources familiar with the administration's plans, says