- Plume Network engages with the SEC on DeFi regulations.
- Proposal includes a sandbox for regulatory flexibility.
- Aims to shape tokenized securities framework in the U.S.
Plume Network’s engagement with the SEC highlights a shift towards regulatory innovation in tokenized finance. The talks could influence regulatory approaches, supporting compliance and innovation in DeFi.
Plume Network
Plume Network is leading discussions with the SEC to establish a DeFi sandbox and propose frameworks for tokenized securities. They have a history of working with real-world asset tokenization, showcasing their expertise in the industry.
“Plume subjects all of the DeFi protocols it has developed to internal and external code audits, as well as robust testing, and ‘bug bounties’ to encourage the identification of flaws in the code.” – Plume Network Leadership
Plume Network’s proposals include a regulatory sandbox and a safe harbor, aiming for compliance across DeFi protocols. This involves audits and testing to ensure security and encourages innovative, compliant practices.
Engagement with the SEC could alter compliance standards, affecting tokenized securities and DeFi protocols. It reflects an initiative for cross-border collaboration.
Plume Network’s initiatives could lead to financial changes within the DeFi space, promoting the growth of compliant products. It has the potential to attract broader institutional interest in tokenized assets.
Discussions with the SEC, aiming for regulatory clarity, echo historical precedents of safe harbors but extend to protocol audits. This could set a new precedent in the regulatory landscape for DeFi and tokenized finance frameworks.
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