SEC Closes Investigation into Zcash Foundation Without Action
- The SEC concluded its investigation into the Zcash Foundation, started in August.
- The inquiry was prompted by a subpoena regarding crypto asset offerings.
- No enforcement actions or changes were recommended by the SEC.
- The Zcash Foundation emphasized the independence of the Zcash network from any organization.
The U.S. Securities and Exchange Commission’s decision to end its review signifies a positive outcome for the Zcash community, which has faced scrutiny over regulatory compliance. The foundation reassured stakeholders that recent organizational changes do not impact the network’s health, underscoring its decentralized nature.
This conclusion marks a significant milestone for the Zcash Foundation after more than two years of uncertainty following the SEC’s initial inquiry. The foundation remains committed to maintaining the integrity and independence of the Zcash protocol. (Source)
