Peirce dey warn say crypto surveillance rules dey stifle innovation
SEC Commissioner Hester Peirce talk to people wey dey criticize for that Science of Blockchain Conference for August 4. She talk say dem crypto surveillance rules dey threat financial privacy and e fit stop beta new ideas. She yarn say person get right to make private transaction and people wey de build open-source privacy tools no suppose dey blame for wetin users dey do. Peirce dey warn say too strong crypto surveillance rules fit spoil the gbege wey dey make blockchain grow well well. She talk the encryption palava from 1990s, say if dem put surveillance rules for decentralized technology, progress go slow. SEC get Project Crypto to update digital asset law, but Peirce warn say to dey force surveillance for peer-to-peer systems no go work once e don start.
Bullish
Peirce talk dey defend financial privacy and e warn make dem no put heavy crypto surveillance rules wey fit choke innovation for decentralized technology. Dis kain talk from one SEC Commissioner show say dem wan make regulation balance and e boost confidence for people wey dey develop and trade. For history, like pro-privacy decisions wey dem take for 1990s during encryption debate, dem open road for technology to spread. For short term, market fit get more interest for privacy-focused assets. For long run, if dem make environment open, e fit bring steady growth and innovation for crypto sector, this one go make outlook good.