Designed to collect and store detailed customer data, the CAT is the largest securities transactions database ever. It threatens unchecked government surveillance by tracking all U.S. market activities.
Regulated entities must collect extensive data, exposing traders and customers' personal information to the database. Digital asset market participants may see transaction details and wallet addresses compromised.
#sec #consolidated-audit-trail-cat #financial-surveillance #privacy-concerns #digital-asset-industry
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