SEC's Peirce urges zero-knowledge proofs to replace data-heavy KYC/AML checks

In one of her final speeches as SEC Commissioner, Hester Peirce urged federal regulators to move away from data-heavy KYC and anti-money-laundering requirements toward cryptographic checks such as zero-knowledge proofs that can verify compliance without collecting users' personal data, warning current practices create "data haystacks."

Detected & updated continuously · Source: Nebula