JUST IN: 🇺🇸 SEC COMMISSIONER HESTER PEIRCE CALLS TO END MASS KYC DATA COLLECTION, WARNING IT PUTS CRYPTO HOLDERS AT RISK OF PHISHING AND PHYSICAL ATTACKS.

PIERCE SAYS THE CURRENT KYC/AML SYSTEM CREATES MASSIVE DATABASES OF SENSITIVE INFORMATION THAT CAN BE HACKED, LEAKED, OR EXPLOITED.

SHE'S PUSHING FOR ZERO-KNOWLEDGE PROOFS (ZK PROOFS) THAT COULD VERIFY USERS MEET REGULATORY REQUIREMENTS WITHOUT EXPOSING THEIR PERSONAL INFORMATION. ...