A poorly rendered fake video from Donald Trump unveils Bitcoin’s white paper in the Oval Office, to replace the declaration of independence by the manifesto of Satoshi Nakamoto, this week went viral on social media platforms.
In the doctor clampTrump withdraws theatrical curtains to reveal a framed copy of Bitcoin: a peer-to-peer electronic cash system as Fox News Host Laura Ingraham watches.
“Do you think Joe Biden would do this? I don’t think so,” says Trump grinning. “… do you think he even knows what it is?”
Meta and communitynotitions about X have since manipulated the video. The images were split from a recent Fox News segment in which Trump showed a copy of the declaration of independence that he had moved to the Oval Office.
Fake? Yes. But the underlying message that Trump Crypto embraces for him for him is becoming more and more well -founded.
Since he returns to the office, Trump has aggressively a promise to turn the US into ‘the Crypto capital of the world’.
What started as a campaign-subsidy show, complete with Trump brand NFTs and families supported by families has changed into a major policy pivot on digital assets.
Within a few weeks of inauguration, Trump signed an executive order for a Strategic Bitcoin -Reserveset the tone for a new approach to crypto from the US government.
The US Securities and Exchange Commission has since rejected enforcement actions against Kraken, Consensys, Immutable and Crypto.com and a series of speeches. Trump Media also has one partnership With crypto.com.
The momentum accelerates on Capitol Hill. The Senate voted on Wednesday 70-28 Turn an IRS rule of a Biden era That should have collected decentralized financing platforms and reporting the tax data of users.
Critics had called the existing measure ‘fundamentally unworkable’, with reference to the code-based, pseudonymous nature of Defi-Protocols.
Republican legislators are now racing to promote radical legislation to regulate stablecoins and digital asset markets.
During this week’s digital chamber blockchain in Washington in Washington and senate leaders, the impending movement on both the FIT21 market structure law indicated, which will yield clearer rules for Crypto -Activa and a new Stablecoin window work.
Published by Sebastian Sinclair
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