House Financial Services Chair French Hill told CoinDesk tokenization is the committee’s next major crypto focus after stablecoin and market structure work. He framed tokenized stocks and deposits as more of a market-plumbing shift than a new-law problem: existing securities rules still apply, but regulators need answers on interoperability, compliance, settlement, and bank payments. Hill also said he expects bipartisan support for CLARITY and, if GENIUS rulemaking and CLARITY passage land, roughly 12 months of joint SEC-CFTC rulemaking.

TLDR by @Benthic