- Investigation Timeline: August 2023 – January 2026.
- Outcome: Investigation closed; no enforcement action recommended.
- Asset Status: The decision reinforces the Foundation’s stance that Zcash operates as a decentralized, open-source protocol.
The privacy-focused non-profit says the U.S. Securities and Exchange Commission (SEC) has closed its inquiry, sending ZEC prices up 13%.
The Zcash Foundation announced Wednesday that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the organization and does not intend to recommend enforcement action.
The conclusion marks the end of a probe that began in August 2023, removing a significant regulatory overhang for the privacy-focused cryptocurrency project.
“We are pleased to announce that the SEC has concluded its review and informed us that it does not intend to recommend any enforcement action or other changes against Zcash Foundation regarding this matter,” the Foundation stated in a post on X.
We are pleased to announce that the SEC has concluded its review and informed us that it does not intend to recommend any enforcement action or other changes against Zcash Foundation regarding this matter.
The investigation, which remained largely confidential until its conclusion, had focused on whether the Foundation’s activities or the Zcash asset itself violated U.S. securities laws. The “no action” outcome is a rare clear win for a privacy protocol in the current U.S. regulatory environment.
The price of Zcash (ZEC) rallied sharply on the news, jumping approximately 13% to trade near $440. The surge brought renewed volume to the asset, which had faced downward pressure earlier in the week due to internal governance disputes involving the Electric Coin Company (ECC).
Source:https://zfnd.org/notice-concluding-sec-investigation/