SEC Commissioner: Self-custody of crypto assets and financial privacy are fundamental rights
BlockBeats News, November 30, according to Cointelegraph, U.S. SEC Commissioner Hester Peirce stated in an interview: The "self-custody" of crypto assets and financial privacy are fundamental rights. She emphasized: "Why should I be forced to have someone else custody my assets? People should have the right to custody their own assets. Forcing asset custody to a third party is perplexing, and online financial privacy should be the default, not default public."
These remarks come as the CLARITY Act (Crypto Market Structure Bill) has been postponed for review until 2026. The bill was originally intended to include provisions on the "right to self-custody" of crypto assets, anti-money laundering rules, asset classification, and more.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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