SEC commissioner says Crypto is ‘helping to nudge reassessment’ on privacy

The SEC's crypto task force held its sixth roundtable event, hosting representatives from digital asset advocacy groups and other organizations.

Regulators at the US Securities and Exchange Commission met with cryptocurrency industry leaders on Monday to discuss financial surveillance and user privacy, as part of the agency’s ongoing efforts to shape digital asset oversight.

In opening remarks at the roundtable, SEC Commissioner Hester Peirce, who also heads the agency’s crypto task force, joined Chair Paul Atkins and Commissioner Mark Uyeda in outlining how regulators could balance investor protection with privacy considerations as blockchain-based financial activity expands.

Atkins said crypto had the potential to become “the most powerful financial surveillance architecture ever invented,” depending on how the US government handled regulation. He cited the SEC’s previous approach, “treating every wallet like a broker,” requiring more transactions to be reported.

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