SEC'S HESTER PEIRCE PUSHES FOR PRIVACY AND TOKENIZATION REFORM
SEC Commissioner Hester Peirce said tokenization is now a “huge focus” for the agency, highlighting ongoing work on token distribution rules, transaction definitions, and crypto custody guidance. Speaking at the DC Privacy Summit, she also renewed calls for stronger financial privacy protections, warning against excessive government data access and citing the Fourth Amendment as a safeguard. Peirce suggested crypto could help the US rethink Bank Secrecy Act, AML, and KYC frameworks to better fit peer-to-peer systems, framing the current policy debate as a chance to modernize financial oversight.