SEC Commissioner Hester Peirce: Tokenization is a focus, calling for stronger financial privacy.

[Hester Peirce, SEC Commissioner: Tokenization is the Focus, Calls for Strengthening Financial Privacy] Hester Peirce, a commissioner of the U.S. SEC, stated that tokenization is the current focus of institutions, which are studying token distribution, transaction definitions, and custody of Crypto Assets, and are collaborating with Congress to formulate regulatory frameworks. She emphasized the importance of financial privacy and stated that Crypto Assets provide an opportunity to revisit the Bank Secrecy Act and AML/KYC regulations. Meanwhile, due to the U.S. government shutdown, SEC's work, such as the approval of Crypto ETFs, has almost come to a standstill.