The House Financial Services Committee held a hearing on securities tokenization, broadly agreeing that digital tokens representing stocks must face the same regulatory standards as traditional securities.
Chairman French Hill emphasized maintaining market integrity amid technological change. SEC Chair Paul Atkins is expected to propose formal rules soon, while the Senate advances the Digital Asset Market Clarity Act.
Blockchain Association CEO Summer Mersinger urged regulators to distinguish between intermediaries and decentralized infrastructure, advocating for an iterative regulatory approach.
BlackRock’s Larry Fink and Franklin Templeton have backed tokenization platforms, signaling Wall Street momentum. Invesco now manages Superstate’s $900 million tokenized U.S. Treasuries fund.
Democrats raised concerns over gamification and foreign ownership via anonymous wallets. Rep. Maxine Waters cited 'blatant corruption' due to Trump family profits from crypto ventures, including World Liberty Financial’s deal with Securitize.
Plume general counsel Salman Banaei said those ties cast a cloud over legislative legitimacy.