Wu said that the Zcash Foundation stated that on August 31, 2023, it received a subpoena from the U.S. SEC regarding "certain crypto asset issuance matters (SF-04569)". Currently, the U.S. SEC has concluded the investigation and informed that no enforcement actions or other measures are being recommended regarding this matter; the Zcash Foundation stated it will continue to advance its work related to privacy financial infrastructure.

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