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The SEC’s crypto task force held a roundtable on blockchain surveillance and user privacy, with Zcash and others weighing in. Regulators stressed the need to balance investor protection and privacy as crypto adoption grows. Discussions linked to upcoming digital asset legislation by 2026. SEC leaders noted the unique challenges blockchain poses for traditional financial oversight. Commissioner Hester Peirce highlighted crypto’s potential for decentralized transactions, while Chair Paul Atkins warned of surveillance risks without proper regulation. The event also covered tensions between AML rules and privacy rights, with a focus on maintaining U.S. leadership in the crypto space.

According to Coinotag, the SEC’s crypto task force held its sixth roundtable on financial surveillance and user privacy in the cryptocurrency sector. Regulators discussed the need to balance investor protection with privacy as blockchain expands, with input from industry groups like Zcash and the Blockchain Association. Discussions tied into broader efforts for digital asset market structure legislation before 2026. SEC leaders highlighted crypto’s dual role in surveillance and privacy challenges, emphasizing the need to reassess traditional financial surveillance in light of blockchain’s decentralized nature. Commissioner Hester Peirce noted that crypto opens new possibilities for transactions without financial intermediaries, while Chair Paul Atkins warned of the potential for crypto to become a powerful financial surveillance tool if not regulated thoughtfully. The roundtable also addressed tensions between anti-money laundering requirements and individual privacy rights, with participants stressing the importance of balancing these elements to maintain U.S. leadership in crypto innovation.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.