Plume's general counsel attends a U.S. House hearing calling for the inclusion of tokenized securities in existing regulatory frameworks

According to the official blog, Salman Banaei, general counsel for PlumeNetwork, said at a hearing held by the U.S. House Financial Services Committee that tokenized securities should not be considered a new asset class and no new rules or exemptions need to be developed for this purpose. He advocated that regulation should be driven by the economic nature and risks of financial products, rather than the technologies they use, so the reality of new technologies should be incorporated into a mature regulatory framework through targeted revisions to existing regulations. Salman pointed out that leveraging public blockchains and on-chain compliance tools such as Plume's built-in protocol-level anti-money laundering screening can significantly improve market transparency, reduce costs and reduce reliance on intermediaries while maintaining or exceeding existing regulatory standards. Finally, Salman issued a warning: Competition for global tokenized infrastructure is accelerating, and regions such as Hong Kong, Singapore and United Arab Emirates are already actively deploying. If the United States lags behind in regulation due to policy uncertainty, it may lose its leadership position in the digital transformation of global capital markets, allowing this strategic opportunity to flow to foreign competitors with different geopolitical goals.