Analysis: The SEC May Assess the Regulatory Weight Given to Cryptographic Privacy Projects in Its Rule-Making Process
The U.S. Securities and Exchange Commission (SEC) will hold a roundtable on cryptocurrency, financial surveillance, and privacy on December 15. Zcash founder Zooko Wilcox and others will participate. CryptoSlate editor Liam Wright analyzes that the SEC may assess how much regulatory weight can be given to cryptographic privacy projects during this meeting. If a consensus is reached that zero-knowledge proofs can meet compliance obligations, this flexibility can be incorporated into the rules for digital asset brokers, alternative trading systems, and custody; if the meeting splits into two camps of "privacy is a right" and "privacy fosters crime," the existing surveillance-based framework may continue to be used, pushing privacy advocates towards legal litigation.
