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U.S. SEC Concludes Review of Zcash Foundation with No Enforcement Action

U.S. SEC Concludes Review of Zcash Foundation with No Enforcement Action

According to the Zcash Foundation, the SEC has closed its 2023-initiated crypto asset investigation without penalties, reflecting the foundation’s adherence to regulatory standards.

ZEC

Fact Check
The assessment is based on strong, consistent evidence from multiple sources. A high-authority source, Yahoo Finance, along with two other relevant sources from CoinGecko, all directly support the statement by citing or syndicating a news headline from the crypto outlet "Decrypt" which states the SEC concluded its review of the Zcash Foundation without an enforcement action. The repetition of this specific news item across different platforms, including a major financial news portal, provides strong corroboration. There is no conflicting or contradictory evidence within the provided materials; the remaining sources are either irrelevant to the specific claim or mention the SEC and Zcash Foundation in unrelated contexts. The cumulative weight of the consistent and direct evidence makes the statement highly likely to be true.
    Reference: 1
Summary

The Zcash Foundation announced that the U.S. Securities and Exchange Commission has concluded its investigation, which began in 2023 with a subpoena on crypto asset offerings, without taking enforcement action. The SEC’s closure marks the end of a multi-year review of the foundation’s activities, with no penalties or corrective measures imposed.

Terms & Concepts
  • Zcash Foundation: A non-profit organization supporting the privacy-focused cryptocurrency Zcash and its ecosystem.
  • SEC (U.S. Securities and Exchange Commission): The U.S. federal regulatory agency responsible for enforcing securities laws and protecting investors.