SEC Commissioner Hester Peirce advocated at SIFMA’s Digital Assets Conference on September 23 for the use of zero-knowledge proofs to replace traditional identity verification practices. She criticized the massive accumulation of personal data, comparing it to finding needles in haystacks, arguing that this approach harms both privacy and law enforcement. Zero-knowledge proofs enable the verification of specific attributes such as age or accredited investor status without ever revealing the underlying personal information. This stance represents a significant policy signal but does not constitute a formal regulatory change proposal.
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