House Republicans gave a rare nod of approval to the US Securities and Exchange Commission Wednesday evening after the agency’s leaders voted to approve a slate of bitcoin ETFs. 

House Financial Services Committee Chairman Patrick McHenry, R-N.C., and digital assets subcommittee head French Hill, R-Ark., issued a joint statement, calling the approval a “historic milestone” for the crypto industry. 

“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,” the Representatives wrote on X Wednesday. “We are pleased that investors and…

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