SEC Commissioner Hester ‘Crypto Mom’ Peirce Advocates Privacy-Preserving Tech

What happened

Peirce, who earned the nickname “crypto mom” for her friendly approach to watchdogging the space, is set to leave the SEC in November. 2, announced as the agency was sending out its latest crypto work.

Bitcoin Magazine SEC Commissioner Hester ‘Crypto Mom’ Peirce Advocates Privacy-Preserving Tech The outgoing regulator took aim at how regulators collect crypto users’ data. In a speech Wednesday focusing on digital identity systems and decentralized networks, Peirce took aim at know-your-customer and anti-money-laundering rules.

regulators are now racing ahead with crypto rulemaking. “Today society is at a crossroads,” Peirce said at the SIFMA’s Digital Assets Conference in New York.

Peirce argued that piling up ever more data on law-abiding customers to help find criminals doesn’t work. The long-anticipated exit of the commissioner sometimes known as Crypto Mom is Oct. Peirce, known as “Crypto Mom,” served on the SEC for about eight years, including as director of the Crypto Task Force.

Key facts

• 2, — announced: as the agency was sending out its latest crypto work