SEC Chair Warns Cryptocurrency Could Become “Most Powerful Financial Surveillance System”
U.S. Securities and Exchange Commission (SEC, U.S. financial regulator) Chair cautions that cryptocurrency technology could enable unprecedented levels of financial monitoring.
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Terms & Concepts
SEC (U.S. financial regulator): The Securities and Exchange Commission, responsible for enforcing federal securities laws and regulating the U.S. securities industry.
Cryptocurrency: A digital asset that uses cryptography for security and operates on decentralized networks, typically based on blockchain technology.