Congress puts tokenization next on its crypto agenda!

House Financial Services Committee Chairman French Hill has signaled that tokenization of real-world assets is the next major legislative focus after stablecoins and market structure, following the committee's late-March hearing on the topic. Hill told CoinDesk the committee is actively examining whether tokenizing assets like common stock or bank deposits requires new legislation or whether existing regulatory frameworks can simply be adapted to blockchain-based systems.

Hill framed tokenization as fundamentally an operational upgrade rather than a legal overhaul. "Tokenization of an asset, such as a common stock, is really an exercise in changing systems," he said.