Zcash Foundation Investigation Closed: SEC Decision Sparks 12% Jump In ZEC Price

On Wednesday, the Zcash Foundation announced a significant development regarding its ongoing operations: the US Securities and Exchange Commission (SEC) has concluded its investigation into the public charity. This news has sparked a notable recovery in the price of the Zcash native token (ZEC), signalling renewed investor confidence, with trading volume surging by 39% over the past 24 hours. Zcash Foundation Cleared By SEC The Zcash foundation received a subpoena from the regulatory agency back in August 31, 2023, as part of a broader inquiry titled “In the Matter of Certain Crypto Asset Offerings (SF-04569). ” Related Reading: XRP Potential: Four Q1 2026 Triggers That Might Propel Price Beyond $8 After a thorough review, the Zcash Foundation was informed that the SEC does not plan to recommend any enforcement actions or changes pertaining to the organization source: https://www.newsbtc.com/breaking-news-ticker/zcash-foundation-investigation-closed-sec-decision-sparks-12-jump-in-zec-price/