In Her Final Weeks, SEC's Peirce Calls for Ending the KYC 'Panopticon'

SEC Commissioner Peirce, in one of her final speeches, called for ending the KYC 'panopticon,' arguing that regulators' 'data haystacks' endanger the people they aim to protect. Recent KYC leaks have exposed crypto holders to phishing and physical attacks, highlighting the risks of centralized data collection.