TechFlow News, May 28: According to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester M. Peirce delivered a speech on May 27 at Georgetown University Law Center’s “Regulating the PETshop” seminar series, calling for the integration of privacy-enhancing technologies (PETs) into the financial regulatory framework. She criticized the current regulatory orientation for overly favoring government surveillance, arguing that technology should serve to protect individual privacy rather than expand surveillance capabilities. She also noted that blockchain public wallet addresses can reduce the risk of investor personal information leakage while still satisfying compliance requirements.
Peirce further invited technology teams capable of minimizing personal information collection—while still meeting KYC and anti-money laundering (AML) regulatory requirements—to proactively collaborate with the SEC’s Crypto Task Force.
