SEC’s Hester Peirce Wants Zero-Knowledge Proofs to Fix KYC System

Crypto Insight Summary: Outgoing SEC Commissioner Hester Peirce called for an overhaul of legacy financial-surveillance frameworks, arguing that mandatory, continuous collection of personal data is costly and largely ineffective at detecting criminals. Rethinking Legacy KYC Frameworks Outgoing Securities and Exchange Commission (SEC) Commissioner Hester Peirce has called for an overhaul of the U.S. government’s financial surveillance framework. Speaking […] Crypto Insight Analysis: Direction: Bullish ZEC / Bullish XMR Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: SEC commissioner’s comments on reforming KYC could boost privacy coins like ZEC and XMR.