Rep. French Hill, chairman of the House Financial Services Committee, said tokenization is the panel's next major priority after stablecoins and market structure legislation.
In an interview with CoinDesk last month, Hill noted that the committee held a hearing on tokenization in late March. He said the panel is examining whether the Securities and Exchange Commission and bank regulators need additional authorities to handle tokenized real-world assets.
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The Securities and Exchange Commission is expected to release an innovation exemption for tokenized stocks as soon as this week. The move would allow equities to trade through crypto-native infrastructure such as automated market makers and stablecoins.
The House Ways and Means Committee is set to examine digital asset tax rules during a legislative hearing today. The session focuses on payments, network fees, mining, staking, and related relief proposals. Witnesses from industry and policy groups are expected to testify.
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Lawmakers are accelerating efforts to advance the Digital Asset Market Clarity Act through the Senate, with a key committee markup scheduled for the week of May 11. White House and congressional officials are pushing for passage by July 4 amid ongoing negotiations over stablecoin rules and ethics provisions.