SEC's 'Crypto Mom' says privacy tech can bolster investor protection

In a speech at Georgetown University Law Center on May 27, U.S. SEC Commissioner Hester Peirce said that privacy-enhancing technologies could play a positive role in the cryptocurrency industry. She emphasized the need to incorporate such technologies into the financial regulatory framework. Peirce also stressed that the SEC should invite technology teams capable of minimizing personal data collection while complying with KYC and anti-money laundering regulations to work closely with the agency's crypto task force.