The issue isn't only that KYC data can be leaked or used by insiders to target you.
It's also that US laws have broad definitions of "suspicious activity" that financial institutions must proactively report to the US government.
You'd be surprised what could get you reported.
Crypto regulation may have moved too quickly to protect privacy.
New stablecoin laws treat all issuers a lot more like banks.
The government forces issuers to collect and store A LOT of user data.
Before asking for more oversight, crypto should lean into ZK solutions.
Set the systems up now so they become industry standard - much easier to write legislation around than try to change hastily implemented regulation later.
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