🚨 BREAKING: SEC Clears Zcash Foundation 🚨
The U.S. Securities and Exchange Commission (SEC) has officially closed its multi-year investigation into the Zcash Foundation with no enforcement action.
✅ Key Highlights:
The investigation began in August 2023 over certain crypto asset offerings (SF‑04569).
The SEC issued a “no-action” notice, meaning the Foundation faces no penalties and doesn’t need to change operations or governance.
This marks a regulatory relief for Zcash and other privacy-focused technologies.
Following the news, ZEC price spiked as market uncertainty cleared.
Privacy-focused crypto is gaining clarity, and Zcash continues to lead with zk-SNARK technology, a cornerstone of zero-knowledge proof applications in the crypto space.
#Zcash #CryptoNews #PrivacyTech #ZEC #Blockchain
