US SEC Commissioner Hester Peirce calls for support of privacy technologies, emphasizing they are not in conflict with security

Jinse Finance reported that U.S. SEC Commissioner Hester Peirce wrote that privacy-enhancing technologies (PETs) are crucial in the era of digital finance, and regulators should not base the direction of technological development on expanding regulatory frameworks. Peirce pointed out that protecting financial privacy and ensuring security are not conflicting objectives. Cryptographic technologies can help ordinary users prevent data leaks, theft, and malicious activities. Current regulations require transfer agents to record holders' names and addresses, but blockchain’s public address mechanism allows for asset ownership verification without exposing personal identity information, thereby reducing the risk of sensitive investor data leakage.