According to ChainCatcher's official blog, Plume Network's General Counsel, Salman Banaei, stated at a hearing held by the U.S. House Financial Services Committee that tokenized securities should not be considered a completely new asset class, nor should new rules or exemptions be created for them.
He argues that regulation should be driven by the economic nature and risks of financial products, rather than the technology they use. Therefore, new technologies should be incorporated into a mature regulatory framework through targeted revisions to existing regulations.
Salman points 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 decrease reliance on intermediaries while maintaining or even exceeding existing regulatory standards.
Finally, Salman warned that competition in global tokenization infrastructure is accelerating, with regions like Hong Kong, Singapore, and the UAE actively deploying resources. If the US lags behind in regulation due to policy uncertainty, it risks losing its leadership in the digital transformation of global capital markets, allowing this strategic opportunity to flow to foreign competitors with differing geopolitical objectives.
