According to The Block, the Zcash Foundation announced that the U.S. Securities and Exchange Commission (#SEC ) has concluded its years-long investigation and informed the foundation that it does not intend to pursue any enforcement action or other measures.
The foundation stated that in August 2023, it received a subpoena from the SEC related to an investigation titled “In the Matter of Certain Crypto Asset Securities (SF-04569).”
Over the past year, the SEC has dropped dozens of cases against major crypto companies, including Coinbase, and has also ended investigations into #DeFi protocols and other industry participants.
