SEC commissioner on collecting less data｜Not endorsing XMR｜Around 551 I still won’t chase
My stance is to wait and see. I won’t take a commissioner’s call to “collect less personal information” and directly translate it into U.S. regulators green-lighting XMR. Regulatory views, formal rules, exchange channels, and the buy-side price action must be verified separately.
In her official remarks at the September 23 SIFMA Digital Assets conference, SEC Commissioner Hester Peirce argued that traditional financial compliance is increasingly dependent on collecting large amounts of personal information and ongoing monitoring, and that each data requirement should be re-examined to see whether it is truly necessary. She gave an example: based on attribute credentials and zero-knowledge proofs, there is an opportunity to only prove to counterparties that one “meets age, identity, or sanctions-list requirements,” without disclosing all underlying personal data. The speech also stressed that both security and privacy matter, and it did not announce any reduction in anti–money laundering obligations. Early on, she made clear these are personal views and may not represent the SEC or other commissioners. More importantly, the full text did not single out Monero or XMR, nor did it give privacy coins a green light to operate.
So what does this have to do with XMR? Monero’s official site states its design goal is to protect by default the information about the sender, recipient, and amounts. If policy discussions begin focusing on “proving compliance facts rather than collecting all plaintext data,” it could change long-term expectations for the value of privacy technologies. But this is only a space for discussion, not a near-term catalyst. The attribute proof approach Peirce described is not the same institutional setup as Monero’s current default privacy transactions. Whether institutions can adopt it, and whether platforms can provide deposits/withdrawals, depends on specific regulation and risk controls. There’s talk on Binance Square about her stepping down, but this article discusses the content of the speech and does not borrow or attach unrelated tags.
Market reaction also reminds me to stay restrained: the XMR/USD on Kraken when I drafted this was about $551.35, with the last 24 hours showing a high of $562.20, a low of $546.88, and an opening price of $557.51; the current price is below the open. You can’t say that an interview from three days ago has already driven XMR to keep rising, and you also can’t attribute ordinary fluctuations solely to policy. In the short term, I’m watching the upper edge near 562 and the lower edge near 547. If later there is a formal policy document clarifying a compliant pathway for privacy tools, and the price holds above 562, then I would consider revising my judgment upward. Conversely, if new platforms delist it or restrict deposits/withdrawals, or if the price falls below 547 and can’t get back up, I will put liquidity risk before any narrative.
If I were trading myself, I wouldn’t participate. I would only consider a light spot position to go with the trend, avoiding high leverage. Only if two complete 15-minute candlesticks close above 563, and the pullback from 560 to 563 holds—and if the trading platform’s deposits/withdrawals are functioning normally—would I enter with at most 0.25% of total funds. Then I’d cut the position in half at 570, and close the remaining position at 580. After entry, if a 15-minute close falls back below 554, I’d cut the position in half first; if it hits 548, I’d fully stop out and close. If I haven’t entered yet and it breaks 546.88 first, the buy plan is canceled. What policy discussion brings is a research question—not a reason to remove stop losses.
Source: SEC commissioner remarks https://www.sec.gov/newsroom/speeches-statements/peirce-looking-change-haystacks-remarks-sifma-s-digital-assets-conference-092326 ; Monero official overview https://www.getmonero.org/get-started/what-is-monero/ . #XMR
The above is only my personal market observation and does not constitute investment advice.
My stance is to wait and see. I won’t take a commissioner’s call to “collect less personal information” and directly translate it into U.S. regulators green-lighting XMR. Regulatory views, formal rules, exchange channels, and the buy-side price action must be verified separately.
In her official remarks at the September 23 SIFMA Digital Assets conference, SEC Commissioner Hester Peirce argued that traditional financial compliance is increasingly dependent on collecting large amounts of personal information and ongoing monitoring, and that each data requirement should be re-examined to see whether it is truly necessary. She gave an example: based on attribute credentials and zero-knowledge proofs, there is an opportunity to only prove to counterparties that one “meets age, identity, or sanctions-list requirements,” without disclosing all underlying personal data. The speech also stressed that both security and privacy matter, and it did not announce any reduction in anti–money laundering obligations. Early on, she made clear these are personal views and may not represent the SEC or other commissioners. More importantly, the full text did not single out Monero or XMR, nor did it give privacy coins a green light to operate.
So what does this have to do with XMR? Monero’s official site states its design goal is to protect by default the information about the sender, recipient, and amounts. If policy discussions begin focusing on “proving compliance facts rather than collecting all plaintext data,” it could change long-term expectations for the value of privacy technologies. But this is only a space for discussion, not a near-term catalyst. The attribute proof approach Peirce described is not the same institutional setup as Monero’s current default privacy transactions. Whether institutions can adopt it, and whether platforms can provide deposits/withdrawals, depends on specific regulation and risk controls. There’s talk on Binance Square about her stepping down, but this article discusses the content of the speech and does not borrow or attach unrelated tags.
Market reaction also reminds me to stay restrained: the XMR/USD on Kraken when I drafted this was about $551.35, with the last 24 hours showing a high of $562.20, a low of $546.88, and an opening price of $557.51; the current price is below the open. You can’t say that an interview from three days ago has already driven XMR to keep rising, and you also can’t attribute ordinary fluctuations solely to policy. In the short term, I’m watching the upper edge near 562 and the lower edge near 547. If later there is a formal policy document clarifying a compliant pathway for privacy tools, and the price holds above 562, then I would consider revising my judgment upward. Conversely, if new platforms delist it or restrict deposits/withdrawals, or if the price falls below 547 and can’t get back up, I will put liquidity risk before any narrative.
If I were trading myself, I wouldn’t participate. I would only consider a light spot position to go with the trend, avoiding high leverage. Only if two complete 15-minute candlesticks close above 563, and the pullback from 560 to 563 holds—and if the trading platform’s deposits/withdrawals are functioning normally—would I enter with at most 0.25% of total funds. Then I’d cut the position in half at 570, and close the remaining position at 580. After entry, if a 15-minute close falls back below 554, I’d cut the position in half first; if it hits 548, I’d fully stop out and close. If I haven’t entered yet and it breaks 546.88 first, the buy plan is canceled. What policy discussion brings is a research question—not a reason to remove stop losses.
Source: SEC commissioner remarks https://www.sec.gov/newsroom/speeches-statements/peirce-looking-change-haystacks-remarks-sifma-s-digital-assets-conference-092326 ; Monero official overview https://www.getmonero.org/get-started/what-is-monero/ . #XMR
The above is only my personal market observation and does not constitute investment advice.
