#美众议院听证会推进证券代币化 Breaking News! U.S. Congress Hearing Calls Out: Tokenized Securities Do Not Require New Regulations, Signaling a Major Turning Point in Crypto Regulation!

Salman Banaei, General Counsel of Plume Network, explicitly stated at the U.S. House Financial Services Committee hearing that tokenized securities should not be considered a completely new asset class, and there is no need to create entirely new regulatory rules or exemptions.
He advocates that regulation should be based on the economic nature and risks of financial products, rather than their technical form, and suggests incorporating blockchain new technologies into mature regulatory frameworks through amendments to existing laws.
This stance signals a pragmatic attitude from U.S. regulators toward tokenized assets, emphasizing the use of existing rules rather than sweeping new regulations, aiming to reduce regulatory uncertainty while increasing market transparency and institutional participation.
This information is a significant long-term positive signal for the entire crypto community. It indicates that U.S. regulators are gradually accepting the integration of blockchain technology with traditional finance, and the RWA (Real-World Asset) tokenization track is expected to accelerate within the current framework rather than face entirely new strict regulatory barriers. This will attract more traditional financial institutions and capital into the crypto ecosystem, benefiting BTC as a store of value and ETH as the underlying infrastructure in the long run.
Meanwhile, compliant stablecoins, RWA projects, and institutional-grade DeFi will have clearer development prospects.
For BTC and ETH, this stance indirectly reinforces the narrative of “legalizing digital assets.” BTC, as the most mature digital commodity, will see its safe-haven and store-of-value attributes further recognized; ETH, as the base layer of public chains and core of DeFi, will also see its technological infrastructure value enhanced due to regulatory friendliness.
However, in the short term, the crypto market will still be influenced by rising expectations of Fed rate hikes, geopolitical conflicts, and tightening macro liquidity, likely maintaining a high-level oscillation.
Currently, the overall crypto market is in a phase of coexistence between regulatory benefits and macro pressures. Fund inflows from ETFs still support the market, and sentiment has improved due to easing geopolitical tensions, but high-leverage shorts and short-term profit-taking remain obstacles.
In the near term, the market will mainly fluctuate with rebounds, with altcoin rotations accelerating, but a true trend-driven rally still awaits clearer Fed policies and improved global liquidity.
Investors should remain cautious, focus on compliant RWA and mainstream assets, strictly control positions, and wait for clearer macroeconomic signals.