SEC Engages Crypto Industry on Surveillance-Privacy Balance
SEC officials convened with cryptocurrency executives to address the tension between financial surveillance and user privacy. Commissioner Hester Peirce ('Crypto Mom'), Chair Paul Atkins, and Commissioner Mark Uyeda led discussions on refining regulatory frameworks for digital assets.
Atkins highlighted cryptocurrencies' potential as a global surveillance tool, contingent on US regulatory decisions. The SEC previously treated digital wallets as brokers, requiring transaction reporting—a stance now under review as blockchain adoption accelerates.