SEC Commissioner Peirce calls for attention to privacy-enhancing technologies and advocates for limiting government financial surveillance of ordinary citizens

According to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester M. Peirce delivered a speech at the "Regulating the PETshop Series" seminar at Georgetown University Law Center, calling for the inclusion of Privacy-Enhancing Technologies (PETs) in the financial regulatory framework.

She criticized the current regulatory approach for being overly inclined towards government surveillance, arguing that technology should serve to protect personal privacy rather than expand the scope of surveillance, and pointed out that blockchain public wallet addresses can reduce the risk of personal information leakage for investors while meeting compliance requirements.

Peirce also invited technology teams that can minimize personal information collection while meeting KYC and anti-money laundering regulatory requirements to actively collaborate with the SEC's Crypto Task Force.