Zcash Foundation says SEC closed 2023 probe into privacy coin
NeutralCryptocurrency
- The Zcash Foundation announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Zcash, which began with a subpoena regarding certain crypto asset offerings. This development signifies the end of scrutiny for the privacy-focused cryptocurrency.
- The closure of the SEC probe is significant for the Zcash Foundation as it alleviates regulatory concerns that could have hindered the cryptocurrency's growth and adoption. It allows the foundation to focus on further development and community engagement without the cloud of investigation.
- This conclusion aligns with a broader trend of the SEC easing its enforcement actions in the cryptocurrency space, as seen in other cases like Ondo Finance, indicating a potential shift towards a more favorable regulatory environment for digital assets, particularly those emphasizing privacy features.
— via World Pulse Now AI Editorial System
