A regulator’s radical defense of privacy
Main Idea
SEC Commissioner Hester Peirce advocates for privacy-preserving technologies, echoing cypherpunk principles, and critiques the third-party doctrine in a speech defending financial privacy.
Key Points
1. Peirce cites Eric Hughes' cypherpunk ideals, emphasizing that privacy should not rely on government benevolence but on technology.
2. She highlights technologies like crypto mixers, privacy-preserving blockchains, and DePIN as tools to protect privacy.
3. Peirce critiques the 'third-party doctrine,' arguing that financial privacy should be as protected as privacy in one's home.
4. The speech aligns with Hughes' view that privacy must be a social contract and achievable through technological means.
5. Peirce's stance contrasts with traditional regulatory approaches, advocating for a more radical defense of privacy in financial systems.
Description
An SEC commissioner walks into a cypherpunk meetup…
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