Crypto self-custody is a fundamental right, says SEC's Hester Peirce
PositiveCryptocurrency
- Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission (SEC), emphasized that self-custody of assets and financial privacy are fundamental rights aligned with the principles of freedom upon which the U.S. was founded. This statement underscores the importance of individual control over digital assets in the evolving cryptocurrency landscape.
- Peirce's assertion highlights a growing recognition within regulatory circles of the need to protect individual rights in the cryptocurrency space, particularly as the SEC navigates complex regulatory frameworks and public sentiment surrounding digital assets.
- This development reflects broader discussions within the SEC regarding privacy rights and financial surveillance, as evidenced by upcoming roundtable discussions aimed at addressing these critical issues. The SEC's evolving stance on cryptocurrency regulation, including initiatives like Project Crypto, indicates a shift towards a more nuanced understanding of the digital asset ecosystem and its implications for market participants.
— via World Pulse Now AI Editorial System
