SEC’s Hester Peirce Defends Crypto Privacy and Self-Custody
SEC Commissioner Hester Peirce supports privacy and self-custody rights in crypto, calling for stronger protection of individual freedoms.
- Hester Peirce advocates for crypto privacy and self-custody.
- She urges support for privacy-preserving technologies.
- Emphasizes individual freedom in the crypto financial system.
A Call to Protect Personal Freedoms in Crypto
SEC Commissioner Hester Peirce, often known as “Crypto Mom” for her pro-crypto stance, has once again voiced her support for key individual rights in the digital asset space. In a recent statement, Peirce emphasized the importance of protecting crypto self-custody rights and financial privacy.
She stressed that the ability for individuals to hold and manage their own crypto assets without relying on third parties is a core principle of blockchain technology. Peirce also pointed to the growing need to support privacy-protecting technologies, which help ensure that users can transact securely and confidentially.
Supporting Innovation Without Sacrificing Rights
Peirce warned against overregulation that could strip away the freedoms that make crypto unique. While regulatory clarity is essential for market stability, she cautioned that it should not come at the cost of personal sovereignty.
“We should welcome privacy-protecting technologies and safeguard the right of individuals to self-custody their crypto assets,” she said. Her remarks stand in contrast to growing calls from some policymakers for tighter surveillance and stricter control over digital asset transactions.
What It Means for the Crypto Community
The commissioner’s comments reflect a growing divide between regulators who want tighter control and those who see crypto as a tool for empowerment. With crypto self-custody rights under scrutiny in various jurisdictions, Peirce’s stance provides hope for advocates of decentralization and privacy.
Her continued advocacy suggests that, within the SEC, there remains a voice committed to ensuring innovation and personal freedom remain at the heart of crypto policy.’
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