The SEC has officially closed its investigation into the

The SEC has officially closed its investigation into the Zcash Foundation, concluding a review process that began in August 2023. The organization stated that no enforcement actions or penalty proposals were issued.
Following the announcement, the price of ZEC rose by approximately 10-12%, reaching a high of $437 at one point, as the project's largest legal risks were temporarily removed.
This move comes amid the SEC's recent closure of several other investigations in the crypto space.
Internally, the news from the SEC was released just weeks after the core development team at Electric Coin Company departed the project to establish a new company, indicating that Zcash remains in a period of organizational instability. $ZEC 
ZEC
360.43
-3.18%

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}The SEC has officially closed its investigation into the Zcash Foundation, concluding a review process that began in August 2023. The organization stated that no enforcement actions or penalty proposals were issued.

Latest News

The SEC has officially closed its investigation into the Zcash Foundation, concluding a review process that began in August 2023. The organization stated that no enforcement actions or penalty proposals were issued.