Plume Network representatives met the U.S. Securities and Exchange Commission’s Crypto Task Force on September 22 to discuss regulation of crypto assets and onchain vaults. In materials submitted by Plume General Counsel Salman Banaei on September 21, the company proposed applying rules to specific vault activities rather than to neutral protocol developers or the technology itself. Plume identified four roles—protocol developer, curator, administrator and token issuer—and said regulatory obligations should primarily attach to curators exercising investment discretion and to token issuers where applicable. The company also asked the SEC to clarify custody for registered funds using onchain vaults, allow conventional, exchange-traded and tokenized share classes, support secondary trading of tokenized fund shares, recognize distributed-ledger wallet addresses in transfer-agent records and permit compliance controls such as freezing and seizing tokenized fund interests. The SEC has not adopted the recommendations, and meeting submissions do not necessarily represent the views of the agency or its Task Force.