In Her Final Weeks, SEC\'s Peirce Calls for Ending the KYC

📌 In Her Final Weeks, SEC’s Peirce Calls for Ending the KYC ‘Panopticon’ – In one of her final speeches as commissioner, Peirce argued that regulators "data haystacks" endanger the people they aim to protect—as recent KYC leaks expose crypto holders to phishing and physical attacks.

In one of her final speeches as an SEC commissioner, Hester Peirce warned the agency against a KYC panopticon, saying regulators vast data haystacks now endanger the people they aim to protect. She said recent KYC leaks have exposed crypto users to targeted phishing and physical attacks, affecting #ZEC holders, and urged narrower, risk‑based collection plus stronger data safeguards. Zec

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In one of her final speeches as an SEC commissioner, Hester Peirce warned the agency against a KYC “panopticon,” saying regulators’ vast “data haystacks” now endanger the people they aim to protect. She said recent KYC leaks have exposed crypto users to targeted phishing and physical attacks, affecting #ZEC holders, and urged narrower, risk‑based collection plus stronger data safeguards.

#SEC #KYC