The Zcash Foundation announced that the U.S. Securities and Exchange Commission (SEC) has concluded its inquiry into the privacy-focused cryptocurrency, Zcash (ZEC). The investigation, which began in 2023, focused on various aspects of the coin’s structure and operations, potentially examining whether ZEC should be classified as an unregistered security. The Foundation confirmed that the SEC informed them that it would not recommend any enforcement action against Zcash or its related entities following the conclusion of the probe. This decision provides significant regulatory relief and clarity for Zcash and the broader privacy coin sector, which often faces heightened scrutiny from global financial regulators due to their anonymity features. The Zcash Foundation emphasized its full cooperation with the SEC throughout the duration of the inquiry, viewing the closure as a positive step for regulatory certainty within the digital asset space.
Source: Zcash Foundation says SEC closed 2023 probe into privacy coin
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