But just look at how far the mighty have fallen. Ethereum ( ETH 0.17%) is down 45% for the year, as is Solana ( SOL 0.31%).

If American regulators write the frameworks now, tokenized equities can expand the advantages that have made U.S. markets the most premier in the world.

The first of these catalysts is the passage of the Digital Asset Market Clarity Act, which could be signed into law as early as July. The bill is supposed to make it easier for banks, corporations, ...