Summary
- The U.S. Securities and Exchange Commission (SEC) said it has officially ended its investigation into the Zcash (Zcash) Foundation.
- SEC said it has decided not to take enforcement action or additional administrative measures in connection with its investigation into the Zcash Foundation that has been ongoing since 2023.
- With this decision, Zcash is seen as having escaped the risk of direct sanctions by U.S. regulators, and it is being assessed as an important precedent regarding regulatory interpretation of privacy coins.
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the Zcash Foundation.
According to crypto-focused media outlet The Block on the 14th (local time), the SEC notified the foundation that it had concluded its investigation into the Zcash Foundation, which had been underway since 2023, and decided not to pursue any enforcement action or additional administrative measures.
With this decision, Zcash is seen as having moved out from under the risk of direct sanctions by U.S. regulators, and it is also being viewed as an important precedent for regulatory interpretation surrounding privacy coins.
