The House Financial Services Committee meets Wednesday to decide the future of Wall Street’s backend. Lawmakers will question executives from Nasdaq, DTCC, and the...

The House Financial Services Committee meets Wednesday to decide the future of Wall Street’s backend. Lawmakers will question executives from Nasdaq, DTCC, and the Blockchain Association on how to move trillions in securities onto blockchain rails.The hearing marks a critical pivot from “crypto as casino” to “crypto as infrastructure.”Chair French Hill (AR-02) convenes the session at 10:00 AM ET in the Rayburn House Office Building. The focus is specific: determining if current securities laws are strangling the efficiency of tokenized assets. The committee is looking for a way to let regulated firms use blockchain records without triggering an SEC enforcement action. The testimony delivered here will shape the bipartisan legislation expected later this spring.Key Takeaways Legislative...

The House Financial Services Committee meets Wednesday to decide the future of Wall Street’s backend. Lawmakers will question executives from Nasdaq, DTCC, and the Blockchain Association on how to move trillions in securities onto blockchain rails.The hearing marks a critical pivot from “crypto as casino” to “crypto as infrastructure.”Chair French Hill (AR-02) convenes the session at 10:00 AM ET in the Rayburn House Office Building. The focus is specific: determining if current securities laws are strangling the efficiency of tokenized assets. The committee is looking for a way to let regulated firms use blockchain records without triggering an SEC enforcement action. The testimony delivered here will shape the bipartisan legislation expected later this spring.Key Takeaways Legislative...