🚨WAIT… THE SEC IS NOW TALKING ABOUT USING CRYPTO TECH TO FIX KYC ITSELF 😳🇺🇸🔥
Instead of COLLECTING your name + address + income + personal documents over and over again ❌
@HesterPeirce is ARGUING that cryptography could let you simply PROVE you meet the requirement WITHOUT EXPOSING all the data behind it. 🤯
👉 KYC without creating another giant database of your identity.
To me, THAT is where crypto gets really interesting. 🤫
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.