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Tokenization Report Act: Regulators to Study Blockchain's Impact on Traditional Assets.

This Act requires major financial regulators (like the Federal Reserve and FDIC) to produce a detailed report on using blockchain technology to digitally represent traditional assets, such as real estate or stocks. The goal is to understand the benefits and risks of this new form of trading and investment, paving the way for potential future rules protecting consumers and financial stability. Citizens will have the opportunity to provide input during the data collection phase for the report.
Key points
Federal agencies (Fed, FDIC) must create a joint report analyzing the tokenization of traditional assets using blockchain technology.
The report must assess potential benefits (e.g., lower transaction costs) and risks for investors and the financial system.
Regulators are required to collect public input to inform their analysis of future digital asset regulations.
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Expired
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Additional Information
Print number: 118_HR_8464
Sponsor: Rep. Timmons, William R. [R-SC-4]
Process start date: 2024-05-17
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Tokenization Report Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8464.

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 2024-05-17.

What are the main provisions?

Key points include:

  • Federal agencies (Fed, FDIC) must create a joint report analyzing the tokenization of traditional assets using blockchain technology.
  • The report must assess potential benefits (e.g., lower transaction costs) and risks for investors and the financial system.
  • Regulators are required to collect public input to inform their analysis of future digital asset regulations.
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. Timmons, William R. [R-SC-4].

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 2025-12-25.

CATEGORIES

Economy Informatization