Digital Asset Policy Report Highlights Plume's Notable Inclusion at the White House
In a groundbreaking move, Plume, the first full-stack blockchain and ecosystem dedicated to Real-World Asset (RWA) finance, has put forward forward-thinking policy recommendations in its contribution to the President's Working Group on Digital Asset Markets report.
Plume's proposals, which emphasize developing capital markets regulations that keep pace with innovations unlocked by stablecoins and tokenization of RWAs, have received endorsement in the White House Digital Asset Policy Report. The report supports tax reforms long advocated by Plume, including treating stablecoins as money and creating a digital asset-specific tax category.
Salman Bananei, general counsel at Plume, stated that the report endorses permissionless blockchains and Decentralized Finance (DeFi) at the heart of a future on-chain financial system. This alignment underscores Plume's leadership in shaping policy at the intersection of blockchain and traditional finance.
Plume's vision is to make it simple to tokenize and integrate RWAs into DeFi applications. With over 160,000 holders and accounting for 50% of all RWA holders across Web 3.0, Plume is well positioned to support policy as governments catch up to the reality of digital assets in future financial structures. The company currently boasts over $300 million in Total Value Locked (TVL).
The alignment between Plume's proposals and federal recommendations is significant, as it underscores the company's commitment to fostering a resilient and open on-chain financial market. Plume advocates for embracing permissionless blockchain infrastructure and DeFi to build such markets, while ensuring responsible oversight that addresses real risks and enables new market opportunities.
The Daily Hodl, a news outlet that covers news, bitcoin, ethereum, altcoins, financeflux, trading, NFTs, blockchain, regulators, scams, hacks & breaches, and has a HODLX section, has also featured Plume. The platform offers various options for submitting Guest Post, Press Release, Sponsored Post, and Advertise, as well as Industry Announcements, Press Releases, Chainwire, Sponsored Posts, and Submit Your Content.
Investors should, however, do their due diligence before making any high-risk investments in any Initial Coin Offerings (ICOs), blockchain startups, or cryptocurrencies. Plume is not a subsidiary or owned by any ICOs, blockchain startups, or companies that advertise on The Daily Hodl.
The future of finance, including macro, bitcoin, ethereum, crypto, and web 3, is a key focus for Plume. The company advocates for policies that enable safe tokenized yield and other on-chain financial products as a part of robust on-chain capital markets. The report affirms that tokenized assets are the future of finance.
[1] Plume's Policy Recommendations for the Development of Capital Markets Policy: https://plume.finance/whitepaper [5] The White House Digital Asset Policy Report: https://www.whitehouse.gov/wp-content/uploads/2021/03/Executive-Order-on-Ensuring-American-Leadership-in-Technology-and-Innovation-Final-032221.pdf
- Plume, with its focus on Real-World Asset (RWA) finance and decentralized finance (DeFi), advocates for the cryptocurrency industry to embrace permissionless blockchain infrastructure and DeFi, while ensuring responsible oversight that addresses real risks and enables new market opportunities.
- The future of finance, including traditional finance and cryptocurrencies like bitcoin and ethereum, is a key focus for Plume, which advocates for policies that enable safe tokenized yield and other on-chain financial products as a part of robust on-chain capital markets.
- In the world of altcoins, the White House Digital Asset Policy Report supports tax reforms long advocated by Plume, including treating stablecoins as money and creating a digital asset-specific tax category, which could potentially revolutionize the blockchain and cryptocurrency sector.
