Tokenization Fight Hits Capitol Hill

Also, SEC sued again over CAT funding plan; FSOC proposes new designation guidance; Warren questions Fed supervision division chief on recusals

The crypto industry and Wall Street brought their battle over setting guardrails for digital stocks to Capitol Hill, where the House Financial Services Committee provided a public forum for a policy debate that has roiled the SEC for months. Many lawmakers, not surprisingly, were treading softly and avoiding taking sides on the complex and contentious i…