Update
Plume Network Submits Vault Regulatory Framework to SEC’s Crypto Task Force
Plume Network, a yield product company, has submitted a regulatory framework for on-chain vaults to the SEC’s Crypto Task Force. The framework, proposed by General Counsel Salman Banaei, suggests splitting the vault ecosystem into four roles: vault protocol developer, vault curator, vault administrator, and vault token issuer. Only the administrator and token issuer roles would be subject to regulatory oversight, with developers and curators remaining outside the perimeter. The submission is part of Plume’s ongoing relationship with US regulators, which has included Banaei’s testimony before the SEC in March 2026.