US SEC Commissioner Hester Peirce: Focus on Tokenization, Calls for Strengthening Financial Privacy

Jinse Finance reported that U.S. SEC Commissioner Hester Peirce stated that tokenization is currently a key focus for institutions, and that the SEC is studying issues such as token distribution, trading definitions, and crypto asset custody, while working with Congress to develop regulatory frameworks. She emphasized the importance of financial privacy and said that cryptocurrencies provide an opportunity to reassess the Bank Secrecy Act as well as AML/KYC requirements. Meanwhile, due to the U.S. government shutdown, the SEC's work, including approvals for crypto ETFs, has come to a near standstill.