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.

@WatcherGuru