The SEC Crypto Task Force is beginning to focus on privacy and compliance compatibility solutions, indicating that the industry is shifting from confrontation to dialogue, and looking forward to concrete technological implementation.

Wu Shuo learned that SEC Commissioner Hester Peirce stated at a Privacy-Enhancing Technologies (PETs) seminar held at Georgetown Law that financial privacy is an important part of investor protection and should not be confused with criminal activity. She pointed out that current regulatory requirements mandate securities transfer agents to record the holder's name and address, whereas assets on permissionless encrypted networks can be held through anonymous wallet addresses. Allowing transfer agents to record the on-chain public address of securities instead of the holder's address information would help reduce the risk of personal information leaks for investors. Peirce also said that the SEC Crypto Task Force is focusing on new technological solutions that balance KYC, anti-money laundering requirements, and privacy protection.