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Rep. Stephen Lynch (D-Mass.) focused his opening questions today on the risk that many crypto products are effectively Ponzi schemes.

Democrats thaw out a bit on tokenization

Fresh off a blockbuster House vote last month to send crypto market structure reforms to the Senate, Republicans are pushing ahead on other policies for different segments of the digital asset world.

Today’s topic du jour for the House Financial Services Committee revolved around the tokenization of real world assets, which is relatively new territory for the panel. A lot of Democrats remain broadly skeptical, but there are glimmers of openness.

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