Top Stories of The Week
Donald Trump uses Bitcoin to buy burgers at NYC bar
The U.S. Republican Party presidential nominee Donald Trump appeared at Pubkey, a New York City bar and restaurant famous for accepting Bitcoin, becoming the first former United States president to use the cryptocurrency in a transaction.
According to a Sept. 18 post on X by Pubkey, Trump used Bitcoin to purchase hamburgers at the NYC bar. BTC advocate and Professional Capital Management CEO Anthony Pompliano was in attendance at the campaign stop, which was also reported on Trump’s Truth Social account.
The event came less than two days after the Republican nominee announced the launch of a token through the World Liberty Financial crypto platform, which is run by members of his family. Despite once calling Bitcoin a “scam” and crypto “based on thin air,” Trump has advocated for BTC miners as part of his 2024 campaign and spoke at the Bitcoin 2024 conference in Nashville, Tennessee.
US lawmaker accuses SEC of ‘enforcement abuse’ against crypto firms
A Republican lawmaker chairing a House subcommittee overseeing digital assets heavily criticized the United States Securities and Exchange Commission (SEC) and its chair, Gary Gensler, for “insert[ing] politics” into regulating crypto firms.
In a Sept. 18 hearing of the House Subcommittee on Digital Assets, Financial Technology and Inclusion, Arkansas Representative French Hill claimed that Chair Gensler’s approach to digital assets had led to “confusion and uncertainty” in the markets.
At the Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets hearing, the subcommittee chair suggested alternative regulatory routes for crypto, such as the Financial Innovation and Technology for the 21st Century (FIT21) Act currently moving through Congress.
“The pro-FIT21 and pro-regulatory framework views of the majority and many…
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