On the 23rd, Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), delivered a speech at the Digital Asset Conference hosted by the Securities Industry and Financial Markets Association (SIFMA) in New York. She emphasized the need to reassess financial oversight in light of new technologies.
Commissioner Peirce identified a major issue in current financial oversight: the regulatory framework for Know Your Customer (KYC) and Anti-Money Laundering (AML) that operates under the assumption that 'the more data collected, the better'...