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The U.S. House of Representatives moved three bipartisan bills that promise clear legal status for digital assets and, for the first time, give tokenized real‑estate projects a defined path under federal law. The package combines the Digital Asset Market CLARITY Act, the GENIUS stable‑coin Act and an Anti‑CBDC measure, each winning comfortable cross‑party support.
The CLARITY Act sets oversight boundaries, while the GENIUS Act governs fully‑backed payment tokens. A third bill bans any Federal Reserve retail digital currency. Together they create a framework that analysts say will let banks issue fractional property tokens once they meet disclosure rules. Axios has flagged a lighter Senate draft, signalling negotiations ahead.
Under the House text, a token representing “tangible or intangible rights in land” will avoid the securities label if it trades on a registered venue and meets periodic reporting tests. That carve‑out could accelerate sandbox deals by prop‑tech platforms and real‑estate investment trusts, which have struggled to navigate a patchwork of state laws.
“This is the pivotal moment for American innovation and a critical step forward in protecting consumers and investors alike,” said Rep. French Hill, chair of the House Financial Services Committee, after gaveling through the vote.
Real‑world‑asset tokenization is already scaling: Citi’s private‑chain pilot for commercial mortgages closed in April, and JPMorgan’s Onyx unit tokenized $350 million of certificates this spring. With statutory clarity, lobbyists expect public‑ledger pilots tied to title registries as early as Q4, provided the Senate reconciles its simpler bill before the August recess.
