Gregory Angelo, president of the Log Cabin Republicans, the nation's largest group of LGBT Republicans, on Wednesday announced that his group's application to sponsor this year's Conservative Political Action Conference (CPAC) has been approved.

“I couldn't wait to share this news with all of you as so many of you have been asking me about this for probably a better part of a year now,” Angelo is quoted as saying by the Washington Blade during a meeting of the group's D.C. chapter.

“I'm happy to say, I'm pleased to say, I'm honored to say that this morning Log Cabin Republicans was accepted as formal sponsors at this year's Conservative Political Action Conference.”

The American Conservative Union (ACU) organizes the annual gathering.

Angelo said that its application was accepted after nearly a year of “intense” negotiations.

“But ultimately I think this is a watershed moment in Log Cabin Republicans history.” he said.

In denying its application in previous years, the ACU said that the group wasn't conservative enough.