[Plume Legal Counsel Urges SEC to Accelerate Tokenization Rules and Advance DeFi Processes] Deep Tide TechFlow reports that on March 28, according to Forbes, Plume legal counsel B. Salman Banaei testified before Congress, strongly urging the U.S. Securities and Exchange Commission (SEC) to accelerate the establishment of tokenization rules while advancing full ATS (Alternative Trading System) registration for DeFi protocols, rather than relying solely on 'innovation exemptions.' Banaei criticized the SEC for 'putting all its eggs in the innovation exemption basket,' calling this approach 'foolish,' and warned that imposing trading volume and product restrictions would fail to attract major institutions, 'because they will not allocate resources to infrastructure that may no longer exist in two or three years.' He also suggested that the SEC solicit feedback on areas where current rules are incompatible and develop permanent solutions. Plume was approved by the SEC in October 2025 to become a registered transfer agent, capable of handling shareholder records, transfers, and dividends for on-chain tokenized securities, and is currently awaiting a FINRA broker-dealer license. Banaei pointed out that the current SEC leadership window has only 10 months remaining, emphasizing the need for swift action to promote the development of real-world asset (RWA) tokenization.