Crypto advocates are concerned about privacy violations from SEC's investor tracking database

From Cointelegraph

August 23, 2024 4:44:37 pm:

The Consolidated Audit Trail is set to collect a large volume of data, potentially revealing the identities of cryptocurrency wallet holders. This raises concerns about privacy and security.

Regulators are pushing for the implementation of the Consolidated Audit Trail to monitor trading activity and prevent market manipulation. However, the extensive data collection may expose sensitive information about crypto users.

The massive amount of data collected by the Consolidated Audit Trail could include personal information about individuals holding cryptocurrency wallets, raising red flags about privacy violations.

Read more at Cointelegraph: Crypto advocates file brief against SEC’s investor tracking database