Plume General Counsel Advocates for Regulatory Amendments on Security Tokens

Plume General Counsel Salman Banaei addressed the House Financial Services Committee, emphasizing that security tokens do not constitute a new asset class. According to NS3.AI, Banaei suggested that these tokens should be integrated into the current regulatory framework through necessary amendments. He cautioned that ongoing policy uncertainty could potentially undermine the United States' leadership in the global tokenization sector.