Wu Blockchain has learned that SEC Commissioner Hester Peirce recently gave a speech stating that the SEC's newly introduced 'Innovation Exemption' provides a phased pathway for trading tokenized securities via AMM, aiming to prevent overseas markets from monopolizing U.S. stock tokenization exposure and serving as a bridge to long-term codified regulations. Additionally, she sharply criticized the current KYC/AML anti-money laundering regulatory model, pointing out that the high-cost approach of expanding the 'data haystack' to find the criminal 'needle' has yielded minimal results, while instead turning the financial system into a privacy-invasive 'panopticon prison.' In response, she called on regulators to embrace cryptographic tools like zero-knowledge proofs (ZKP) and attribute-based credentials to achieve compliance attribute verification without collecting or repeatedly storing users' sensitive raw data, while maximizing the protection of individual privacy. https://www.(wublock123.com)/news/sec-commissioner-hester-peirce-criticizes-kyc-aml-advocates-zk-proofs-68949