SEC’s Peirce Calls for Ending KYC ‘Panopticon’ in Final Weeks

Peirce's framing shifts the KYC debate from compliance cost to personal security, a notable move from an outgoing official who no longer needs to hedge. The argument lands hardest for crypto holders, who already face targeted phishing and physical-risk exposure when identity data concentrates in centralized stores. Her departure raises the more consequential question: whether this critique outlasts the commissioner who made it, or fades with her tenure.