Gate News message, March 28, Plume legal counsel B. Salman Banaei, in testimony before Congress, strongly urged the U.S. Securities and Exchange Commission (SEC) to accelerate the development of tokenization rules, while also pushing the complete ATS (alternative trading system) registration process for DeFi protocols, rather than relying solely on an “innovation exemption” mechanism. Banaei criticized the SEC for “putting all its eggs in one basket of the innovation exemption,” calling it “stupid,” and warned that setting trading volume and product limits would not attract large institutions, “because institutions won’t invest resources in infrastructure that might not exist after two or three years.” He advised the SEC to solicit public input regarding the parts of the current rules that are incompatible and to develop a permanent solution. Plume was approved by the SEC in October 2025 to serve as a registered transfer agent, able to handle shareholder records, transfers, and dividend allocations for on-chain tokenized securities, and is currently awaiting approval of FINRA broker license. Banaei noted that the current SEC leadership window has only 10 months left, and action must be taken as soon as possible to advance real-world asset (RWA) tokenization.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
DOJ Drops Criminal Investigation Into Fed Chair Powell, Clearing Path for Crypto-Friendly Kevin Warsh
Gate News message, April 24 — The U.S. Department of Justice has closed its criminal investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to Senate confirmation of incoming Fed chair Kevin Warsh. U.S. Attorney for the District of Columbia Jeanine Pirro announced the closur
GateNews2h ago
ECB Likely to Hold Rates in April, Hike 25 Basis Points in June Amid Inflation Concerns
Gate News message, April 24 — A survey indicates the European Central Bank will likely maintain interest rates in April but raise them by 25 basis points in June, driven by inflation concerns stemming from geopolitical tensions.
Looking ahead, market participants widely expect the ECB to begin
GateNews8h ago
Fed Chair nominee Warsh has a net worth of more than $135 million: SpaceX and Polymarket holdings—amount not disclosed
Fed Chair nominee Warsh’s OGE Form 278e asset disclosure form, submitted before his 4/21 Senate Banking Committee hearing, shows that his reported total assets range from $135 million to $226 million—making him the richest-known Fed chair nominee in U.S. history. On the same day, Forbes noted that his spouse, Jane Lauder, is an heir to the Estée Lauder Group with an estimated personal net worth of $1.9–$2.5 billion, which was not included in Warsh’s current filing.
Reported assets: main components
In his filing, Warsh disclosed nearly 70 holdings, covering VC
ChainNewsAbmedia9h ago
Bitcoin Stalls at $77.8K Amid Japan Inflation Surge and Iran War Tensions
Gate News message, April 24 — Crypto markets weakened on Friday as Bitcoin hovered near $77,800 and Ethereum fell to $2,300 with a 24-hour decline of 0.8%. The uptrend that began Wednesday from $65,000 has visibly slowed, with Ethereum underperforming Bitcoin.
Market pressure stems from Japan's Mar
GateNews13h ago
Trump ordered the sinking of ships in the Strait of Hormuz, and Bitcoin’s rebound momentum weakened to 78k
U.S. President Donald Trump posted on Truth Social on April 24, announcing that the ceasefire agreement between Israel and Lebanon will be extended by three weeks. On the same day, he also ordered the U.S. Navy to “sink any vessel currently laying mines in the Strait of Hormuz,” and instructed the military to carry out mine-clearing operations with “three times the force.” Brent crude spot prices have returned above $100, and Bitcoin is trading near $78,000 under pressure and consolidating.
MarketWhisper15h ago
CME Fed Watch: April Rate Hold Probability Reaches 99%, June Scenario Odds Released
Gate News message, April 23 — According to CME Fed Watch data, the probability of the Federal Reserve keeping rates unchanged in April stands at 99%, with only a 1% chance of a 25 basis point rate hike.
Looking ahead to June, the odds show a 96.4% probability of maintaining current rates, 2.6% prob
GateNews18h ago
