Zcash Foundation just announced that the SEC has wrapped up its inquiry into "Certain Crypto Asset Offerings" with a decision not to pursue enforcement action. This marks the official closure of the investigation that kicked off when Zcash received a subpoena back in August 2023. It's a notable win for the project—months of regulatory scrutiny coming to an end without any enforcement recommendations. The resolution underscores the ongoing dialogue between the crypto sector and U.S. regulators, particularly around privacy-focused assets and their classification under securities law.