U.S. SEC Commissioner Hester Peirce has declared self-custody of crypto assets a fundamental human right, emphasizing the importance of financial privacy. In a recent podcast interview, Peirce questioned the need for individuals to store their assets with third parties, advocating for the right to manage one's own assets. Her remarks come as the CLARITY Act, which addresses self-custody rights and other regulatory issues, is delayed until 2026.
The discussion on self-custody gains relevance as several crypto ETFs launch, prompting some large holders to move assets from self-custody to ETFs for tax advantages and convenience. This shift raises concerns about the potential erosion of the principle that a personal wallet represents financial sovereignty.
SEC's Hester Peirce Advocates for Crypto Self-Custody as a Right
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