Republican presidential candidate Donald Trump became the first former U.S. president to use cryptocurrency for a transaction when he appeared at Pubkey's, a New York City bar/restaurant known for its bitcoin availability.
According to a September 18 post on Pubkey's X website, Trump used #bitcoin to buy a hamburger at the New York bar. Anthony Pumpriano, a #BTC supporter and CEO of Professional Capital Management, said Trump attended this campaign stop, which he also reported on his social media account Truth.
the event took place less than two days after the Republican candidate announced the launch of the token through his family-owned crypto platform World Liberty Financial. Despite once calling bitcoin a scam and cryptocurrencies made out of thin air, Trump has expressed support for BTC miners on the 2024 campaign trail and at the Bitcoin 2024 conference in Nashville, Tennessee.
The Republican congressman, who chairs the House subcommittee on digital asset management, sharply criticized the U. S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for bringing politics to the regulation of #cryptocurrency companies.
At a hearing of the House Subcommittee on #Digital Assets, Financial Technology and Inclusion on September 18, Congressman French Hill of Arkansas said that Chairman Gensler's approach to digital assets has created confusion and uncertainty in the market.
the hearing Stunned and Confused: Disrupting the SEC's Politicized Approach to Digital Assets, the subcommittee chairman said that another way to regulate cryptocurrencies that is currently making its way through Congress is as follows He suggested, among other things, the Financial Innovation and Technology for the 21st Century Act (FIT21).
The majority and many bipartisan organizations that support FIT21 and the regulatory framework are not opposed to the SEC going after unscrupulous players or modernizing existing rules to include digital asset securities and other unique products, said Rep. Hill.
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