TechFlow news, November 30 — According to Cointelegraph, SEC Commissioner Hester Peirce stated in a recent podcast interview that "self-custody" of digital assets and financial privacy are fundamental human rights. She emphasized: "Why should I be forced to have someone else hold my assets? ... People should have the right to hold their own assets." She added that in a country like the United States, which emphasizes freedom, it is puzzling to mandate third-party custody of assets, and online financial privacy should be the default—rather than defaulting to public disclosure.
Her comments come as the CLARITY Act has been delayed until 2026 for review. The bill originally intended to include provisions on the right to self-custody of crypto assets, anti-money laundering rules, and asset classification. Meanwhile, industry observers note that with the launch of multiple crypto ETFs, some large holders and long-term investors are shifting from holding coins in personal wallets to holding via ETFs, attracted by tax advantages and relief from managing private keys. Some worry this trend may gradually erode the crypto community's long-standing principle of "wallets as sovereignty."
