{"id":312859,"date":"2024-05-30T04:30:04","date_gmt":"2024-05-29T23:00:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=312859"},"modified":"2024-05-30T04:30:05","modified_gmt":"2024-05-29T23:00:05","slug":"rwas-get-a-date-in-court-next-week-amid-push-for-efficient-markets-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/rwas-get-a-date-in-court-next-week-amid-push-for-efficient-markets-crypto-news\/","title":{"rendered":"RWAs Get A Date In Court Next Week Amid Push For \u2018Efficient Markets\u2019 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>RWAs (Real World Assets) will be the subject of a hearing in court next week as the House Financial Services Digital Assets Subcommittee pushes toward delivering \u2018efficient markets.\u2019<\/p>\n<h2><strong>Congress To Probe Real World Assets <\/strong><\/h2>\n<p>The House Financial Services Digital Assets Subcommittee, which is part of the United States Congress, will discuss the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/tokenization\/\">tokenization<\/a> of RWAs in a hearing next Wednesday, June 5, according to an official announcement by Committee chair, Patrick McHenry.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8NEW: The House Financial Services Digital Assets Subcommittee will discuss tokenizing real world assets in a hearing next Wednesday.<\/p>\n<p>Wonder if <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/carlosdomingo?ref_src=twsrc%5Etfw\">@carlosdomingo<\/a> or anyone from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BlackRock?ref_src=twsrc%5Etfw\">@BlackRock<\/a> will be asked to testify? \ud83d\ude42 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/GFDltp0URJ\">pic.twitter.com\/GFDltp0URJ<\/a><\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1795916161814610332?ref_src=twsrc%5Etfw\">May 29, 2024<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<\/blockquote>\n<p>Real World Assets are established commodities from traditional finance (TradFi), tokenized, and brought over into the DeFi space using blockchain technology. A recent RWA <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/research\/publications\/rwa-report-2024\">report<\/a> by CoinGecko highlighted the following, citing the rise of RWAs.<\/p>\n<ul>\n<li>USD-Pegged Assets Dominate Fiat-backed Stablecoins, Accounting For 99% of All Stablecoins<\/li>\n<li>Commodity-Backed Tokens Hits $1.1B in Market Capitalization, Gold Remains Most Popular Commodity<\/li>\n<li>Tokenized Treasury Products Have Grown 782% in 2023, Worth Over $931M Now<\/li>\n<\/ul>\n<p>The hearing, titled \u2018<em>Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets<\/em>\u2019 is part of a greater agenda by the subcommittee to \u2018facilitate efficient markets\u2019.<\/p>\n<p>The subcommittee focuses on issues relating to digital assets, cryptocurrencies, blockchain technology, and financial innovation. With this mandate, it holds hearings, performs investigations, and proposes legislation as it pertains these areas of the financial industry.<\/p>\n<p>The main goal of the House Financial Services Digital Assets Subcommittee is to provide oversight and regulation that will promote a safe and efficient environment for digital asset markets.<\/p>\n<h2><strong>RWAs Gain Attention As Social Volume Skyrocket<\/strong><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>The RWA narrative in 2024 was invigorated by BlackRock\u2019s\u00a0March declaration of plans to launch its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/blackrock-bitcoin-etf-grabs-spotlight-with-290m-inflow-outshines-rivals\/\">BlackRock<\/a> USD Institutional Digital Liquidity Fund (BUIDL) on\u00a0Ethereum. This sparked conversations around RWA tokens, with speculation that they could mimic the meme coin madness that sent the Book of Meme (BOME) past the $1 billion market capitalization threshold.<\/p>\n<p>Analytics platform Santiment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1752230058062975438?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1752230058062975438%7Ctwgr%5Ee7cc05f99271d9bacb8ca9876e7488d8d53600c1%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.fxstreet.com%2Fcryptocurrencies%2Fnews%2Fai-rwa-two-token-classes-to-watch-next-after-meme-coin-and-staking-market-drive-rally-202401302056\">reported<\/a> a surge in social volume for RWAs, citing growing crowd interest, particularly toward the close of 2023. With the oncoming hearing, the Real World Assets narrative could make a comeback.<\/p>\n<p>Earlier in the month, Santiment also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RWAwatchlist_\/status\/1787876224015995355\">highlighted<\/a> increasing attention for AI and RWAs, putting Polymesh (POLYX), XinFin Network (XDC), Mantra DAO (OM), Ondo Finance (ONDO) and Opulous (OPUL) on its watchlist.<\/p>\n<p>RWAs enable diversification within a crypto portfolio as they provide exposure to traditional asset classes like real estate, commodities, or stocks. This helps minimize overall portfolio risk while at the same time increasing stability.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>As Real World Assets take the spotlight in the digital asset industry, crypto firms, global banking, and asset management titans are working to bring traditional financial instruments such as bonds, funds, or credit to blockchains.<\/p>\n<p>In a space where narrative investing is a factor in the market, traders could buy the rumors ahead of the Wednesday hearing.<\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/solana-congestion-issues-poked-as-cme-puts-out-sol-etf-hopes\/\">Solana Congestion Issues Poked As CME Puts Out SOL ETF Hopes<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>                                &lt;!&#8211; <\/p>\n<div class=\"desktopPostEnd d-on\"><\/div>\n<p> &#8211;&gt;<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/rwas-get-a-date-in-court-next-week-amid-push-for-efficient-markets\/\">  <i class=\"fa fa-whatsapp\" \/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/rwas-get-a-date-in-court-next-week-amid-push-for-efficient-markets\/\"><\/p>\n<p><\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          &lt;!&#8211; <\/p>\n<div class=\"m-on pl-2 pr-2\">\n<div class=\"row\">\n<div class=\"col-6 pr-2\">\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n<p>            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&amp;utm_medium=organicarticle\"><\/p>\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" decoding=\"async\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\"><\/div>\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n<p>            <\/a><\/p><\/div>\n<\/p><\/div>\n<div class=\"col-6 pl-2\">\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n<p>            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&amp;utm_medium=organicarticle\"><\/p>\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" decoding=\"async\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\"><\/div>\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n<p>            <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>                    &#8211;&gt;<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA199537\">\n<div class=\"authorBox\">\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/ad710be2dbf5cb816b575ed785372e54?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/ad710be2dbf5cb816b575ed785372e54?s=200&amp;d=mm&amp;r=g\" \/><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ad710be2dbf5cb816b575ed785372e54?s=200&amp;d=mm&amp;r=g\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" \/>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD199537\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>&lt;!&#8211; <\/p>\n<div class=\"container p-1 mb-3  mt-4 \">\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span><\/p>\n<p>                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n<div class=\"row mobileXS \">\n<div class=\"item col-md-4\">\n<div class=\"Newseducation\">\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&amp;utm_medium=web-story\"><\/p>\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-GettyImages-1556780583-bb9b6dd6fddd47e1b1453cb82cea5bb0.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Important Highlights from the Recent Fed Meeting\" \/><\/div>\n<div class=\"Educontent\">5 Important Highlights from the Recent Fed Meeting <\/div>\n<p>            <\/a>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"item col-md-4\">\n<div class=\"Newseducation\">\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/chatgpts-next-big-upgrade-what-you-need-to-know\/?utm_source=post&amp;utm_medium=web-story\"><\/p>\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/03\/cropped-chatgpt-cute-robot_11zon.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ChatGPT's Next Big Upgrade: What You Need to Know\" \/><\/div>\n<div class=\"Educontent\">ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n<p>            <\/a>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"item col-md-4\">\n<div class=\"Newseducation\">\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-reasons-behind-mega-banks-2024-ethereum-price-prediction\/?utm_source=post&amp;utm_medium=web-story\"><\/p>\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Reasons behind Mega Bank's 2024 Ethereum Price Prediction\" \/><\/div>\n<div class=\"Educontent\">5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n<p>            <\/a>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>        &#8211;&gt;<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RWAs (Real World Assets) will be the subject of a hearing in court next week as the House Financial Services Digital Assets Subcommittee pushes toward delivering \u2018efficient markets.\u2019 Congress To Probe Real World Assets The House Financial Services Digital Assets Subcommittee, which is part of the United States Congress, will discuss the tokenization of RWAs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":208703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-312859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/312859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=312859"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/312859\/revisions"}],"predecessor-version":[{"id":312867,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/312859\/revisions\/312867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/208703"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=312859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=312859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=312859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}