SEC Commissioner: "Self-Custody of Crypto Assets and Financial Privacy are Fundamental Rights"
BlockBeats News, November 30th. According to Cointelegraph, U.S. SEC Commissioner Hester Peirce said in an interview that the "self-custody" of crypto assets and financial privacy are fundamental rights. She emphasized, "Why should I be forced to custody my assets through someone else? People should have the right to self-custody their assets. Forcing asset custody to a third party is bewildering; online financial privacy should be the default state, not default public."
These remarks come as the "CLARITY Act" (Crypto Market Structure Act) faces a delay in its review until 2026. The act was originally intended to include provisions on crypto asset "self-custody rights," anti-money laundering rules, asset classification, and other regulations.
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