SEC Commissioner Hester M. Peirce has called for the integration of privacy-enhancing technologies (PETs) into financial regulations, emphasizing the need to limit government financial surveillance of ordinary citizens. Speaking at Georgetown University Law Center, Peirce criticized the current regulatory focus on surveillance, advocating for technology that protects individual privacy. She highlighted the potential of blockchain public wallet addresses to safeguard investor information while ensuring compliance.
Peirce also encouraged technology teams to develop solutions that minimize personal data collection while adhering to KYC and AML requirements. She invited these teams to collaborate with the SEC’s Crypto Task Force to enhance privacy measures within the regulatory framework.
SEC's Peirce Urges Focus on Privacy Tech, Criticizes Financial Surveillance
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