TechSEC’s Hester Peirce urges an end to crypto KYC honeypots before stablecoin rules create more
SEC Commissioner Hester Peirce is calling for financial firms to stop stockpiling customer data and adopt reusable digital credentials that can verify facts such as age, citizenship or sanctions status without exposing names, incomes or addresses. She says regulators should reconsider data-collection practices as stablecoin compliance rules take shape, citing breaches at Coinbase and Revolut.
SEC’s Hester Peirce urges an end to crypto KYC honeypots before stablecoin rules create more
Tech