Overview
- The Zcash Foundation said the SEC has closed its inquiry tied to “In the Matter of Certain Crypto Asset Offerings (SF-04569)” without recommending penalties or operational changes.
- The review stemmed from a subpoena issued on August 31, 2023, and the investigation had not been widely known until the foundation’s disclosure.
- ZEC climbed roughly 10%–12% to about $437 with trading picking up following the announcement, according to market data cited by multiple outlets.
- The SEC has not issued its own public statement on the matter, according to the coverage.
- Outlets characterized the outcome as a notable signal for privacy-focused crypto projects that maintain transparency, even as Zcash contends with recent developer departures and uneven development activity.