SEC’s Peirce: Crypto Privacy Tools Key in Surveillance Policy Debate
U.S. Securities and Exchange Commission Commissioner Hester Peirce warned this week that financial privacy is increasingly undervalued in U.S. regulation, urging a more balanced view of privacy-preserving technology as part of the nation’s financial infrastructure. Speaking on We...
➤ SEC Commissioner Hester Peirce advocates for a balanced view on privacy-preserving technologies in financial regulation, emphasizing their legitimacy beyond illicit use. ➤ The debate around crypto privacy tools intersects with evolving KYC/AML compliance, with potential regulatory changes in the EU and ongoing industry innovation. ➤ Developers are encouraged to engage with the SEC's Crypto Task Force to integrate privacy features into compliant financial infrastructure, with examples seen in Aptos and Polygon.
