SEC Commissioner: "Self-custody" of crypto assets and financial privacy are fundamental rights.

According to a report by Cointelegraph on November 30th, SEC Commissioner Hester Peirce stated in an interview that "self-custody" of crypto assets and financial privacy are fundamental rights. She emphasized, "Why should I be forced to have someone else hold my assets? People should have the right to hold their own assets. Mandating asset custody to a third party is baffling. Online financial privacy should be the default, not the default public disclosure." These remarks come as the Clariity Act (Crypto Market Structure Act) is delayed until 2026. The bill originally planned to include provisions on the "right to self-custody" of crypto assets, anti-money laundering rules, and asset classification.