SEC Peirce Dey Advise Say Make Dem Protect Crypto Privacy Rights
SEC Commissioner Hester Peirce don dey urge Congress make dem protect crypto privacy rights and support open-source developers before Tornado Cash co-founder trial. For Science of Blockchain Conference, Peirce talk say regulators suppose welcome privacy-protecting technology and make sure say people fit hold their own digital assets. She talk say immutable, open-source protocols no suppose suffer because of how third-party dem take misuse am and she oppose any law wey fit make middlemen dey monitor peer-to-peer transactions. Peirce dey stress as crypto privacy rights important so dat users fit transact freely. She mention how President’s Working Group recommend clear regulatory ways for software developers and she warn say laws wey make business dey spy on users no good. This one come after Treasury and IRS comot law wey force DeFi platforms to report user data. The Tornado Cash trial wey dey come fit make developers face criminal charges and e fit stop privacy software innovation.
Bullish
Peirce public defence for crypto privacy rights and open-source developers dey reduce regulatory wahala and e show sey key SEC commissioner dey support innovation. For past, when regulators talk good, e dey make price jump small time, especially for privacy-focused tokens, as traders dey expect clear rules and more adoption. For long term, protecting privacy software and self-custody rights fit make ecosystem grow, attract big institutions, and drive steady demand for privacy and DeFi projects. This supportive regulatory style dey different from previous crackdown and e fit encourage investment for whole crypto market.