SEC Ends Investigation Into ZCash Foundation, According to Privacy Coin Project Execs

The U.S. Securities and Alternate Fee has formally ended its yearlong investigation into the Zcash Basis and won’t advocate any enforcement motion in opposition to the privacy-focused nonprofit, executives say.

The inspiration introduced the conclusion of the investigation in a message revealed on its web site on Wednesday.

The investigation started in August 2023 after the muse obtained a subpoena from the SEC associated to an inside matter titled “Within the Matter of Sure Crypto Asset Choices (SF-04569).”

Greater than two years later, the regulator knowledgeable the muse that the investigation had been accomplished and that it didn’t intend to impose charges or require modifications.

In its assertion, the Zcash Basis stated that current organizational modifications don’t replicate the underlying state of the Zcash community and emphasised that the protocol operates independently of any single entity.

The inspiration stated in a January 8 weblog publish:

“We acknowledge that moments of transition inside the ecosystem can create uncertainty. Nevertheless, at moments like these you will need to perceive this distinction: distinguishing between organizational shifts and the well being of the community.”

“The Zcash community is basically impartial of any group, board or company entity.”

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