Zcash Foundation Says SEC Ends Investigation With No Enforcement Action
Summary
The U.S. Securities and Exchange Commission has concluded its investigation into the Zcash Foundation without recommending enforcement action. The SEC had been reviewing the nonprofit’s digital asset activities since August 2023. The Zcash Foundation stated that this outcome highlights its adherence to transparency and regulatory compliance. The previously undisclosed probe is now closed. The Foundation continues to focus on developing privacy-preserving financial infrastructure and maintaining the Zcash protocol. At the time of the announcement, Zcash was trading at around $437, up 12% in 24 hours and nearly doubling in value over the previous three months, despite generally weak crypto market conditions.
