Hester Peirce: Society Is at a Crossroads, and the Financial System Faces Two Paths

Galaxy's head of research posted on X that Hester Peirce said society is currently at a crossroads: one path is to maintain the status quo—collecting more data, strengthening surveillance by intermediaries, and adding more "Know Your Customer" requirements, turning financial infrastructure into a panopticon; the other path is to leverage new technologies to improve the ability to catch criminals while collecting less personal information, and to protect Americans' privacy through more prudent surveillance.