U.S. Securities and Exchange Commission Commissioner Hester Peirce called for a reassessment of know-your-customer and anti-money laundering regulations, arguing that collecting more data does not necessarily improve oversight. According to ChainCatcher, she said the "more data is better" approach can create an excessive information pile that makes it harder to identify issues that truly need attention.

Peirce said zero-knowledge proofs could be used to verify compliance without exposing personal data. The remarks were cited in insight content posted by CoinDesk on X.