SEC Commissioner Hester Peirce, known as Crypto Mom, defended at the SIFMA Digital Assets Conference on September 23, 2026, the principle that financial privacy should be a fundamental right and not a red flag. She directly criticized Know Your Customer (KYC) and Anti-Money Laundering (AML) rules, calling them excessive surveillance that fails to adequately protect individuals whose data is collected. Peirce proposed using cryptographic tools like zero-knowledge proofs to verify compliance without revealing all personal data. Her departure from the SEC is scheduled for October 2, 2026, leaving the commission with only two commissioners.
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