SEC Commissioner Reaffirms Cryptocurrency Privacy and Custody Rights

According to Odaily, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC) and head of the SEC's cryptocurrency working group, has reiterated the importance of the right to self-custody and privacy in financial transactions within the cryptocurrency sector. Peirce emphasized that online financial privacy should become a standard practice. Meanwhile, Senator Tim Scott has announced that the Digital Asset Market Structure Clarity Act has been postponed until 2026. This legislation aims to address the structure of the cryptocurrency market, including provisions for self-custody, anti-money laundering (AML) regulations, and asset classification.