Tokenization has finally made it onto the House agenda. French Hill has elevated the RWA narrative to the congressional level. Once the "Clear Act" is implemented, we’ll see how institutions enter the market.

Crypto World News reports that XBIT DEX stated that Francis Hill, Chairman of the U.S. House Committee on Financial Services, said that tokenization is the committee’s next major agenda item and that the “Clear Act” is expected to gain bipartisan support.

Hill said at last month’s Digital Assets and Emerging Technologies Policy Summit that the committee’s work on stablecoins and market structure has laid the groundwork for tokenization. He also mentioned that the committee is reviewing the impact of tokenization on the Securities and Exchange Commission (SEC) and bank regulators, and exploring whether legislation is needed to facilitate companies’ participation in tokenizing real assets.

Hill further noted that the House Committee on Financial Services will continue to focus on updates to digital asset tax regulations and emphasized that political engagement within the industry is crucial for the upcoming elections.