Plume GC tells House committee security tokens are not a new asset class

Salman Banaei, General Counsel of the RWA-based blockchain project Plume (PLUME), argued at a hearing before the House Financial Services Committee that security tokens should not be treated as a new asset class. He contended that they should instead be integrated by appropriately amending existing regulations. According to Wu Blockchain, Banaei also warned that policy uncertainty could weaken the U.S.'s position in global tokenization leadership.