Overview
- The Zcash Foundation said the SEC informed it that no enforcement would be recommended, closing an inquiry tied to “In the Matter of Certain Crypto Asset Offerings (SF-04569).”
- The probe began with an Aug. 31, 2023 subpoena and was not publicly known until the Foundation’s Jan. 14 announcement.
- The SEC has not issued its own public statement; reporting indicates the review examined funding, token distribution, governance, and privacy features.
- ZEC rose roughly 10%–14% to about $437 after the disclosure, with trading activity picking up across major exchanges.
- The resolution follows recent developer resignations at Electric Coin Company, leaving governance and development continuity in focus, and outlets note the outcome tracks with a broader easing in SEC enforcement under new leadership.