Regulation· ★★★· neutral·

Hester Peirce argues financial privacy should be the default, not the exception

  • —Peirce made the case in a September 23, 2026 speech at the SIFMA Digital Assets Conference
  • —She described KYC/AML data gathering as excessive surveillance that fails to protect users
  • —She urged adoption of zero-knowledge proofs to prove compliance without revealing data
  • —Peirce will resign on October 2, 2026, leaving the SEC with two commissioners
Why it matters: Peirce's exit removes the SEC's most consistent voice for self-custody and privacy, and it is unclear whether her push for privacy-preserving compliance will outlast her tenure.
Source: Crypto Briefing