Jefferies: Market Structure Bill Could Be Major Catalyst for Crypto and Tokenization

Analysts at the Wall Street investment bank Jefferies have identified the proposed Financial Innovation and Technology for the 21st Century Act (FIT21) as a potential key turning point for the cryptocurrency market and asset tokenization. In a recent note to clients, the firm suggested that the bill, which aims to provide clearer regulatory frameworks for digital assets, could act as a significant inflection point. The legislation is seen as a way to reduce regulatory uncertainty, which has been a major hurdle for institutional adoption. Jefferies highlighted that clearer rules could accelerate the tokenization of real-world assets (RWAs), bringing traditional finance and blockchain technology closer together. This development is viewed as a long-term positive for the broader digital asset ecosystem, including major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which serve as foundational layers for many tokenization projects.