🚨🇺🇸 The United States Securities and Exchange Commission (SEC) will organize a roundtable on cryptocurrencies, financial oversight, and privacy on December 15. Zooko Wilcox, founder of the privacy-focused cryptocurrency project Zcash, along with other participants, will take part. In an analysis, Liam Wright, editor-in-chief of CryptoSlate, indicates that the U.S. SEC might evaluate during this meeting how much regulatory weight it can give to privacy-focused cryptocurrency projects in its own rule-making process. If a consensus is reached that zero-knowledge proofs can meet compliance obligations, this flexibility could then be integrated into the rules regarding digital asset broker-dealers, alternative trading systems, and asset custody. If the meeting splits into two camps — 'privacy is a right' versus 'privacy promotes crime' — it is possible that the current surveillance-focused framework will be maintained, pushing privacy advocates towards legal remedies.
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