SEC Ends Zcash Probe With No Enforcement Action

[bonk]

The Zcash Foundation confirmed that the U.S. Securities and Exchange Commission has formally concluded its investigation into Zcash without pursuing enforcement action. The probe began in August 2023 after the foundation received a subpoena related to certain crypto asset offerings, but regulators ultimately decided not to recommend penalties or changes.

According to the foundation, the outcome reflects its commitment to transparency and regulatory compliance. With the case now closed, Zcash can continue focusing on its core mission: building privacy-preserving financial infrastructure designed to protect users while operating within existing legal frameworks.

[madmax]

sec closing it w no action is honestly a bigger deal than ppl realize