The Zcash Foundation said in its Q1 2026 report that it held $36.69 million in net liquid assets at the end of March 2026 and maintained average monthly spending of $270,000, or about $817,000 for the quarter. The organization also said the U.S. Securities and Exchange Commission formally ended its years-long investigation into ZEC without enforcement action, removing a regulatory overhang for the privacy-focused cryptocurrency. The foundation highlighted stable network operations and conservative treasury management during a governance transition, while ZEC rose more than 15% over 24 hours following the update.