Plume legal chief to testify at U.S. House hearing on tokenization

Salman Banaei, head of legal at the regulated real-world asset (RWA) blockchain project Plume, is scheduled to attend a U.S. House Financial Services Committee hearing on the future of tokenized securities at 2:00 p.m. UTC today. He is expected to highlight the issue of tokenization market infrastructure moving offshore due to policy uncertainty and will urge Congress to take more proactive measures. Witnesses from the Depository Trust & Clearing Corporation (DTCC), Nasdaq, and the Securities Industry and Financial Markets Association (SIFMA) will also attend the hearing. Plume, the sole Web3 project participating, is set to call for congressional support to ensure U.S. leadership in the tokenization infrastructure sector. The hearing will be live-streamed on the committee's official YouTube channel.