PANews reported on June 3 that according to Bitcoin Magazine, Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), emphasized in a conversation at PubKey, a Bitcoin-themed bar in New York, that permissionless technologies such as Bitcoin are of great significance to maintaining freedom, and that American citizens should have the right to use cryptocurrency mixers. She discussed topics such as Bitcoin's resistance to confiscation and code as free speech with NYDIG founder Ross Stevens, using historical cases to illustrate the value of Bitcoin to freedom defenders, and also warned that an executive order similar to the 1933 U.S. government's confiscation of gold might reappear. Stevens pointed out that Bitcoin's mnemonic memory characteristics make it more resistant to confiscation.
Peirce criticized the American people for ignoring financial privacy and supported the right of citizens to use mixers. In response to the bar founder's question about the possibility of repealing the Bank Secrecy Act, she admitted that it was risky for financial institutions to centrally hold user data, but said that the issue was controversial in Washington. She also responded to issues such as physical redemption of spot Bitcoin ETFs by retail investors (she thought it was "low possibility" and hoped to think about it further). She concluded that improper regulation may suppress the potential of Bitcoin, and the Bitcoin enthusiasts at the scene applauded enthusiastically.
