[Preview of This Week's U.S. House Tokenization Hearing: Joint Study by SEC and CFTC on Tokenized Securities and Derivatives] According to a report by Jinse Finance, on March 23, the U.S. House Financial Services Committee will review tokenization topics on Wednesday. Exchanges, market operators, and regulatory agencies are advancing efforts to introduce securities products such as stocks and bonds into blockchain-based infrastructure. However, committee materials indicate that the focus of this hearing will be relatively narrower. One proposed bill would require the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to jointly study tokenized securities and derivatives. Another proposed bill would allow certain regulated entities to use blockchain-based records under future SEC rules. These discussions continue a series of recent developments that have pushed tokenization further into the core of policy and market discussions. In January of this year, the SEC stated that even if related records are migrated on-chain, tokenized stocks and bonds would still be subject to existing securities laws. Earlier this month, the SEC expanded its crypto regulatory framework, noting that while most crypto assets do not fall under the category of securities, tokenized securities are explicitly within its regulatory scope. Last week, the SEC and CFTC reached a coordination agreement, signaling that while Congress is formally advancing related topics, regulatory agencies have already begun collaborative efforts at the regulatory level.