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McHenry, Hill Statement Regarding Spot Bitcoin ETF Approvals
Washington,
January 10, 2024 -
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02), issued the following statement after the Securities and Exchange Commission (SEC) announced approval of several pending spot Bitcoin exchange-traded fund (ETF) applications.
“Today’s spot Bitcoin ETF approvals mark a historic milestone for the future of the digital asset ecosystem in the United States,” said the lawmakers. “While legislation to provide clarity and certainty for digital assets remains necessary, the steps taken today are a significant improvement over the SEC’s track record of regulation by enforcement. We are pleased that investors and our markets will finally be afforded greater access to this generational technology. We remain committed to enhancing consumer protection in the digital asset markets through comprehensive market structure and payment stablecoin legislation.”
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