The US SEC will discuss the privacy issues of Crypto Assets at the roundtable meeting on December 15, with the trends of Privacy Coins such as Zcash being a focus.

The U.S. Securities and Exchange Commission (SEC) has scheduled a roundtable discussion for December 15, focusing on privacy and financial regulatory issues in the cryptocurrency industry. This event will bring together leading figures in the cryptocurrency field and SEC officials to discuss the growing concerns surrounding privacy tools such as cryptocurrency mixers and privacy tokens. Although this meeting will not propose any policy proposals, it aims to explore the key challenges facing the industry and provide a platform for open dialogue.

In recent months, privacy issues in crypto assets trading have become a focal point. Crypto mixers can obscure the transaction history of digital currency, thus receiving both support and raising concerns. Proponents argue that these tools can protect user privacy, while critics believe they are often used by criminals to conceal illegal activities. The upcoming roundtable meeting held by the SEC will explore the effectiveness and impact of these privacy tools in the broader financial system.

Many crypto assets developers and legal experts believe that privacy should be a fundamental right. They emphasize that creating tools to protect user data is not illegal in itself. However, the SEC will strive to strike a balance between protecting privacy rights and preventing financial crime. This roundtable discussion will explore the extent to which financial monitoring should extend without infringing on personal freedoms.

Multiple legal cases have intensified the debate over crypto assets privacy. The trial of Tornado Cash developer Roman Storm in June and the sentencing of Samourai Wallet developer to 4 years in November highlight the risks faced by privacy technology developers. These cases have raised concerns that the legal system is targeting developers who design tools to protect financial privacy.

Legal experts and privacy advocates believe that suing developers who create non-custodial, privacy-centric tools sets a troubling precedent. The SEC will discuss the impact of these legal outcomes on innovation and the development of privacy technologies. As privacy issues become increasingly prominent, privacy Tokens like Monero and Zcash have gained widespread attention in the market. Recent trading activity of these Tokens suggests that the SEC's roundtable may spark further discussions on how to regulate privacy tools. The market is closely watching whether the SEC will adopt a more balanced approach to privacy regulation in the crypto assets space. (Coin Central)