U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce said financial surveillance rules need to be rethought as crypto technology changes how much visibility the government has into users’ financials.

Commissioner Peirce made the comments on Monday, Dec. 15 at the sixth roundtable organized by the SEC’s Crypto Task Force, which was created this year and is led by the commissioner. Regulators met up in Washington, D.C. to discuss privacy, financial monitoring and the growing use of digital assets.

The discussion underscores growing agreement among experts and regulators that crypto will not see wider use unless people and businesses can feel like they can transact privately, without exposing sensitive financial information.

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