The SEC Just Reframed Financial Privacy ๐
$ZEC made selective privacy understandable to crypto markets. $VFY sits on the verification side of that same shift.
On September 23, SEC Commissioner Hester Peirce argued that Americans deserve both security and privacy.
These were her personal views rather than formal SEC policy, but the use cases were remarkably specific.
She described financial institutions collecting larger stores of names, addresses and transaction data while struggling to isolate illegal activity. Her alternative was attribute-based verification.
A customer could prove accredited-investor status or successful sanctions screening without exposing the private data behind that answer.
The identity application would create the credential and Zero Knowledge proof.
zkVerify could independently check whether that submitted proof is cryptographically valid.
The institution would receive a usable result without adding another copy of the customerโs documents to its database. The privacy comes from the credential system and proof design. zkVerify makes the resulting evidence practical to verify at scale.
VFY is used when that checking work is submitted to the network.
I think the regulatory conversation is moving closer to the problem zkVerify was designed to address.
If finance adopts proof-based compliance, independent verification becomes part of the institutional stack.
#Privacy #Altcoin Season#
$ZEC made selective privacy understandable to crypto markets. $VFY sits on the verification side of that same shift.
On September 23, SEC Commissioner Hester Peirce argued that Americans deserve both security and privacy.
These were her personal views rather than formal SEC policy, but the use cases were remarkably specific.
She described financial institutions collecting larger stores of names, addresses and transaction data while struggling to isolate illegal activity. Her alternative was attribute-based verification.
A customer could prove accredited-investor status or successful sanctions screening without exposing the private data behind that answer.
The identity application would create the credential and Zero Knowledge proof.
zkVerify could independently check whether that submitted proof is cryptographically valid.
The institution would receive a usable result without adding another copy of the customerโs documents to its database. The privacy comes from the credential system and proof design. zkVerify makes the resulting evidence practical to verify at scale.
VFY is used when that checking work is submitted to the network.
I think the regulatory conversation is moving closer to the problem zkVerify was designed to address.
If finance adopts proof-based compliance, independent verification becomes part of the institutional stack.
#Privacy #Altcoin Season#
