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."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What awaits the Ethereum ecosystem in 2025?
Ethereum's evolution towards user-friendly and interoperable Layer 2 solutions is crucial, with native interoperability and EIP-7702 poised to revolutionize security and UX.
5 most rapidly growing tokenization trends to watch for in 2025
Tokenization of real-world assets poised to reach $5 trillion by 2025, with real estate and bonds leading the surge.
US index futures extended losses, Nasdaq futures fell 2%
AI-driven DeFi application xPortal announces acquisition of German Web3 startup Alphalink