{"id":9722,"date":"2024-01-11T13:07:39","date_gmt":"2024-01-11T13:07:39","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9722"},"modified":"2024-01-11T13:07:50","modified_gmt":"2024-01-11T13:07:50","slug":"patrick-mchenry-bitcoin-etf-approvals-are-a-historic-turning-point","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/patrick-mchenry-bitcoin-etf-approvals-are-a-historic-turning-point\/","title":{"rendered":"Patrick McHenry: &#8220;Bitcoin ETF Approvals Are a Historic Turning Point&#8221;"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:226\">Patrick McHenry, chairman of the U.S. House Financial Services Committee, has weighed in on the SEC&#8217;s approval of Bitcoin (BTC) spot ETFs. McHenry noted that the approvals are a milestone for the U.S. cryptocurrency ecosystem.<\/p>\n<blockquote>\n<p class=\"entry-title\">You might like:<a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-bitcoin-etf\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><em><strong> Elon Musk Talks Bitcoin ETF!<\/strong><\/em><\/span><\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"5:1-5:188\">In a written statement, McHenry made some notable remarks, stating that today&#8217;s spot Bitcoin ETF approvals mark a historic turning point for the future of the U.S. digital asset ecosystem.<\/p>\n<p data-sourcepos=\"7:1-7:236\">McHenry expressed satisfaction that investors and the market will have more access to this next-generation technology, and he viewed the approval as a significant improvement over the SEC&#8217;s past performance on regulation by enforcement.<\/p>\n<p data-sourcepos=\"9:1-9:337\">McHenry&#8217;s statement also noted that &#8220;legislation that will provide clarity and certainty to digital assets is still necessary,&#8221; and he stated that they are committed to improving consumer protection and that they will provide that protection in digital asset markets through comprehensive market structure and stable payment legislation.<\/p>\n<p data-sourcepos=\"11:1-11:197\">While there is still a need for regulations that will provide clarity and certainty to digital assets, McHenry stressed that this approval is a big step for investors and the cryptocurrency market.<\/p>\n<p data-sourcepos=\"13:1-13:307\">Patrick McHenry&#8217;s remarks are seen as a positive development for Bitcoin and the cryptocurrency ecosystem. This means that investors and the market will have more access to this next-generation technology, and that it will help the evolution of comprehensive market structure and stable payment legislation.<\/p>\n<hr \/>\n<div class=\"attachment-container search-images\">\n<div class=\"image-container hide-from-message-actions ng-star-inserted\">\n<div class=\"overlay-container ng-star-inserted\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"content darkmysite_style_txt_border darkmysite_processed\" tabindex=\"0\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"ac-container ac-adaptiveCard darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"ac-textBlock darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Patrick McHenry, chairman of the U.S. House Financial Services Committee, has weighed in on the SEC&#8217;s approval of Bitcoin (BTC) spot ETFs. McHenry noted that the approvals are a milestone for the U.S. cryptocurrency ecosystem. You might like: Elon Musk Talks Bitcoin ETF! In a written statement, McHenry made some notable remarks, stating that today&#8217;s<\/p>\n","protected":false},"author":1,"featured_media":9723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,2702,1790,39,1662],"class_list":["post-9722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-cryptocurrency-market","tag-patrick-mchenry","tag-sec","tag-spot-bitcoin-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Patrick McHenry: &quot;Bitcoin ETF Approvals Are a Historic Turning Point&quot; - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Patrick McHenry, chairman of the U.S. House Financial Services Committee, has weighed in on the SEC&#039;s approval of Bitcoin (BTC) spot ETFs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/patrick-mchenry-bitcoin-etf-approvals-are-a-historic-turning-point\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Patrick McHenry: &quot;Bitcoin ETF Approvals Are a Historic Turning Point&quot; - 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