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New rules for firms trading digital securities

This act introduces new rules for firms wishing to trade digital securities, such as tokens. Its aim is to enhance security and transparency for investors using these new technologies. Firms will be required to meet strict requirements for storing and managing digital assets, which is intended to protect your money and investments.
Key points
Firms trading digital securities (tokens) will need special approvals and must meet new, strict security requirements.
Clear rules for storing digital assets will be established to protect investors from theft, fraud, and loss of funds.
Firms will be required to inform customers about the risks associated with investing in digital securities, increasing investor awareness.
The Securities and Exchange Commission (SEC) will conduct a study to assess if further regulations are needed for the development of the tokenized securities market.
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Status: Expired
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Additional Information
Print number: 118_HR_10561
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2024-12-27
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Broker-Dealer Tokenization Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10561.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-12-27.

What are the main provisions?

Key points include:

  • Firms trading digital securities (tokens) will need special approvals and must meet new, strict security requirements.
  • Clear rules for storing digital assets will be established to protect investors from theft, fraud, and loss of funds.
  • Firms will be required to inform customers about the risks associated with investing in digital securities, increasing investor awareness.
  • The Securities and Exchange Commission (SEC) will conduct a study to assess if further regulations are needed for the development of the tokenized securities market.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law