SEC Commissioner Peirce Backs Crypto KYC With Less Personal Data

• —Peirce proposed confirming age, jurisdiction and sanctions status without sharing passports or addresses
• —The model relies on verifiable credentials and zero-knowledge proofs for identity checks
• —FinCEN's September 8 guidance already lets banks use digital credentials such as mobile driver's licences
• —The proposal does not change Bank Secrecy Act duties and is not an SEC rule or exemption