Zcash Foundation No Longer in SEC's Crosshairs

The Zcash Foundation announced that the U.S. Securities and Exchange Commission has concluded its investigation into the organization without recommending any enforcement action. The probe, which began with a subpoena in August 2023 and remained undisclosed for over two years, officially ended with the SEC finding no violations. The announcement follows recent internal turbulence in the Zcash ecosystem, including the resignation of the Electric Coin Company team amid governance disputes. The resolution of the SEC investigation removes a major regulatory uncertainty surrounding the privacy-focused cryptocurrency.