Tokenization Becomes Key Focus for U.S. House Financial Services Committee

House Financial Services Committee Chairman French Hill announced that tokenization will be the committee's next major focus following stablecoins and market structure. According to NS3.AI, Hill stated that lawmakers are currently evaluating whether tokenization requires legislative action or if it can be managed at the regulatory level. Additionally, Hill mentioned that successful GENIUS rulemaking and the passage of Clarity would initiate a joint rulemaking process between the CFTC and SEC, expected to last about 12 months.