Watcher.Guru(@WatcherGuru):JUST IN: 🇺🇸 SEC Commissioner Hester Peirce calls to end mass KYC data collection, warning it puts crypto holders at risk of phishing and physical attacks. Pierce says the current KYC/AML system creates massive databases of sensitive information that can be hacked, leaked, or exploited. She's pushing for zero-knowledge proofs (ZK proofs) that could verify users meet regulatory requirements without exposing their personal information.

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Watcher.Guru@WatcherGuru

2026.09.25 15:41

JUST IN: 🇺🇸 SEC Commissioner Hester Peirce calls to end mass KYC data collection, warning it puts crypto holders at risk of phishing and physical attacks. Pierce says the current KYC/AML system creates massive databases of sensitive information that can be hacked, leaked, or exploited. She's pushing for zero-knowledge proofs (ZK proofs) that could verify users meet regulatory requirements without exposing their personal information.

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