🚨 REGULATORY WIN FOR PRIVACY CRYPTO 🚨
🇺🇸 The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the Zcash Foundation, the nonprofit linked to the privacy-focused crypto project Zcash.
🔍 What happened?
• 📩 The Zcash Foundation received a formal SEC subpoena on August 31, 2023
• 🏷️ Investigation title: “Certain Crypto Asset Offerings (SF-04569)”
• ✅ After review, the SEC confirmed it will NOT recommend sanctions or further regulatory action
🛡️ Why this matters?
• 📜 Signals growing regulatory clarity for privacy-preserving protocols
• 🧭 Reinforces that privacy ≠ non-compliance
• 🏛️ Validates the Foundation’s transparency and compliance-first approach
📈 Market reaction
• 💹 ZEC jumped over +4% following the announcement
• ⏳ Reminder: ZEC once hit an all-time high of $5,941 in 2016, when supply was extremely limited
🔐 What’s next?
The Zcash Foundation says it will now double down on its mission:
➡️ Building privacy-protected financial infrastructure for the public good
🧠 Big picture takeaway
Privacy coins can survive — and even thrive — under regulatory scrutiny when governance, transparency, and compliance are taken seriously.
This is not investment advice.DYOR
$XMR
