[SEC Commissioner Hester Peirce Calls for Support of Privacy Technology, Not Opposed to Security] According to a report by Jinse Finance, U.S. SEC Commissioner Hester Peirce wrote that privacy-enhancing technologies (PETs) are critical in the digital finance era, and regulators should not base the direction of technological development on expanding regulatory frameworks. Peirce pointed out that protecting financial privacy and ensuring security are not mutually exclusive. Encryption technology can help ordinary users prevent data breaches, theft, and malicious activities. Current regulations require securities transfer agents to record the names and addresses of holders, but blockchain's public address mechanism can verify asset ownership without exposing personal identity information, thereby reducing the risk of sensitive investor data being leaked.