
SEC's Peirce Pushes Zero-Knowledge Privacy as Staff Clarifies Token Buybacks and Staking Receipts
- —Peirce proposed ZK proofs to verify age, citizenship and sanctions status without exposing personal data
- —SEC staff: buyback announcements for non-security tokens do not imply Howey managerial efforts
- —Staking receipts may qualify as digital tools or digital commodities
- —Peirce resigns effective October 2, joins Regent University in November
Why it matters: The guidance reduces legal uncertainty for DeFi protocols and staking services, while Peirce's exit removes a key voice for lighter-touch crypto regulation.
Source: Crypto Adventure