U.S. SEC Commissioner: Self-custody of cryptocurrencies is a fundamental right
TL;DR
SEC Commissioner Hester Peirce emphasizes self-custody and financial privacy as fundamental rights for cryptocurrencies. The Digital Asset Market Structure Act, addressing these issues, is delayed until 2026.
Tags
Odaily Odaily reports that Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC) and head of the SEC's Cryptocurrency Task Force, reiterated the rights to self-custody of cryptocurrencies and privacy in financial transactions. Peirce added that online financial privacy should become the standard. Meanwhile, according to Senator Tim Scott, the "Clarity of the Digital Asset Market Structure Act" has been delayed until 2026. This act is a cryptocurrency market structure bill that includes provisions on self-custody, anti-money laundering (AML) regulations, and asset classification.