SEC's Peirce called for ending the KYC 'panopticon' in her final weeks, Decrypt reports
Decrypt reports a call to end KYC 'panopticon'
Decrypt published a report on September 24, 2026 saying that the SEC's Peirce, in her final weeks, called for ending the KYC "panopticon."
KYC, short for know-your-customer, is the identity checking that financial platforms use to confirm who their customers are. The report's headline describes that system as a "panopticon," a term for constant surveillance.
The web address of the report also mentions zero-knowledge proofs, a privacy tool that lets someone prove a statement is true without revealing the underlying information. The supplied material does not explain how Peirce connected that technology to her argument.
What the supplied material supports
- The report is from Decrypt and is dated September 24, 2026.
- The headline attributes the call to end the KYC "panopticon" to the SEC's Peirce.
- The headline places the call in her final weeks.
- Zero-knowledge proofs appear only in the report's web address, not in any text provided here.
What cannot be confirmed from this material
The supplied source material contains only the headline, the publication date and the web address. It does not include the body of the report.
Because of that, Newisty cannot confirm what Peirce said, when or where she said it, which audience she addressed, whether she proposed a specific policy change, or how the SEC or anyone else responded. No such details are included here, and readers should not treat any version of those details as confirmed.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.