H.R. 8464, known as the “Tokenization Report Act of 2024,” mandates that key financial regulators in the U.S., including the Federal Reserve and the FDIC, produce a joint report on blockchain technology trends used for tokenizing traditional assets. The report must explore...
Simple Explanation
H.R. 8464 is like asking some very smart groups in the government to work together to write a big book about how people use a new computer trick called "blockchain" to make regular things like money or houses into special, digital versions. They have to talk to lots of people to make sure the book is really good and to see if they need to make new rules.