Chairman of the House Financial Services Committee: The approval of a spot Bitcoin ETF is a historic milestone for the U.S. digital asset ecosystem

Patrick McHenry, Chairman of the House Financial Services Committee, and French Hill, Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion, have released a statement regarding the approval of a spot Bitcoin ETF.

Patrick McHenry stated, "Today's approval of a spot Bitcoin ETF marks a historic milestone for the future of the U.S. digital asset ecosystem. While legislation providing clarity and certainty for digital assets is still necessary, today's action is a significant improvement over the SEC's enforcement record, and I am pleased that investors and the market will ultimately have more opportunities to access this generation of technology. We remain committed to strengthening consumer protections in the digital asset market through comprehensive market structure and stablecoin payment legislation."