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

Chairman of the U.S. House Financial Services Committee, Patrick McHenry, and Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, French Hill, have issued 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 America's digital asset ecosystem. While legislation providing clarity and certainty for digital assets is still necessary, today's action represents significant improvement over SEC’s enforcement record. I am pleased that investors and markets will finally have more opportunities to access this generation technology. We remain committed to strengthening consumer protection in the digital asset market through comprehensive market structure and stablecoin legislation."