Finally, an official regulator openly speaks sensibly—collect less data, implement more privacy technologies, and KYC/AML shouldn't be an excuse for surveillance frenzy.

SEC Commissioner Hester M. Peirce emphasized the introduction of privacy-enhancing technologies in financial regulation at the "Regulating PETshop" seminar at Georgetown Law School, criticizing current policies for focusing too much on government surveillance and advocating for prioritizing privacy protection. She stated that blockchain public wallet addresses can reduce information exposure under compliance conditions and called for the development of technical teams that meet KYC/AML requirements while collecting as little information as possible, working together with the SEC cryptocurrency working group.