{"id":232074,"date":"2026-09-24T20:58:35","date_gmt":"2026-09-24T20:58:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=232074"},"modified":"2026-09-24T20:58:35","modified_gmt":"2026-09-24T20:58:35","slug":"sec-commissioner-hester-crypto-mom-peirce-advocates-privacy-preserving-tech","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=232074","title":{"rendered":"SEC Commissioner Hester \u2018Crypto Mom\u2019 Peirce Advocates Privacy-Preserving Tech\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

SEC Commissioner Hester \u2018Crypto Mom\u2019 Peirce Advocates Privacy-Preserving Tech\u00a0<\/a><\/p>\n

<\/div>\n

Outgoing Securities and Exchange Commission Commissioner Hester Peirce<\/a> has said that regulators should rethink how they monitor the financial system, and to press for less personal data collection, not more.\u00a0<\/p>\n

In a speech Wednesday focusing on digital identity systems and decentralized networks, Peirce took aim at know-your-customer and anti-money-laundering rules.<\/p>\n

U.S. regulators are now racing ahead with crypto rulemaking. Peirce, who earned the nickname \u201ccrypto mom\u201d for her friendly approach to watchdogging the space, is set to leave the SEC in November.\u00a0<\/p>\n

\u201cToday society is at a crossroads,\u201d Peirce said<\/a> at the SIFMA\u2019s Digital Assets Conference in New York.\u00a0<\/p>\n

\u201cDown one path lies the status quo: more data collection, more intermediary surveillance, more \u2018know your customer\u2019 requirements that turn our financial rails into a panopticon.\u201d<\/p>\n

\u201cDown the other path lies an opportunity to use new technologies to improve our ability to catch criminals while collecting less personal information than ever before, and monitoring more sparingly to protect Americans\u2019 privacy.\u201d<\/p>\n

Peirce argued that piling up ever more data on law-abiding customers to help find criminals doesn\u2019t work. In her view, bigger \u201chaystacks\u201d make the needles harder to find, while every stored data point raises the risk of leaks or misuse.\u00a0<\/p>\n

She criticized a regulatory mindset fixated on \u201cdata go up,\u201d comparing it to crypto enthusiasts\u2019 obsession with rising prices.<\/p>\n

Peirce pointed to cryptographic tools such as zero-knowledge proofs and attribute-based credentials, which can confirm facts like a person\u2019s age, accredited-investor status, or absence from sanctions lists without revealing the underlying personal details.\u00a0<\/p>\n

She also urged the SEC to let firms rely on identity checks already performed by other regulated institutions, rather than making every firm collect and store the same sensitive information.<\/p>\n

Under President Joe Biden, the SEC was tough on the crypto space, with its Biden-appointed former Chair Gary Gensler frequently suing major crypto companies for allegedly selling unregistered securities.\u00a0<\/p>\n

Peirce was appointed to lead the Crypto Task Force in 2025. The regulator has taken a far more friendly approach to watchdogging the space since Donald Trump became president again.\u00a0<\/p>\n

Now, regulators are saying they want to create clear rules for the fast-moving industry, despite landmark legislation, the Clarity Act<\/a>, being blocked last week.\u00a0<\/p>\n

Despite Commissioner Peirce\u2019s alias, she previously said she would not describe herself as an advocate of the industry, but rather a \u201cfreedom maximalist.\u201d<\/p>\n

This post SEC Commissioner Hester \u2018Crypto Mom\u2019 Peirce Advocates Privacy-Preserving Tech\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine SEC Commissioner Hester \u2018Crypto Mom\u2019 Peirce Advocates Privacy-Preserving Tech\u00a0 Outgoing Securities and Exchange Commission Commissioner Hester Peirce has said that regulators should rethink how they monitor the financial system, and to press for less personal data collection, not more.\u00a0 In a speech Wednesday focusing on digital identity systems and decentralized networks, Peirce took […]<\/p>\n","protected":false},"author":0,"featured_media":232075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-232074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/232074"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=232074"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/232074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/232075"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=232074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=232074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=232074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}