The Zcash Foundation announced that it received a subpoena from the U.S. SEC on August 31, 2023, regarding an inquiry into certain crypto asset offerings. In a recent update, the foundation shared that the SEC has concluded its review. The regulatory body informed the foundation it does not intend to proceed with enforcement action related to the matter.

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MEVVictimAlliancevip
· 4h ago
Now it's finally good, the SEC has stopped messing around, and Zcash has escaped a disaster.
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ZKProofEnthusiastvip
· 4h ago
ZK protocol die-hard fans, privacy coins never sleep. The market has been very competitive lately; this news can be considered a semi-positive signal.
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SilentAlphavip
· 4h ago
Oh no, Zcash managed to dodge a bullet this time. The SEC didn't pursue further, luck was on their side this time.
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Layer2Observervip
· 5h ago
When it comes to regulation, the biggest concern is uncertainty. The SEC allowing Zcash this time indicates that the compliance path for privacy coins is indeed still negotiable, unlike some projects that are directly shut down. However, I'm quite curious—what standards did the SEC review to reach this conclusion? Analyzing Zcash's design from the source code level, what is the fundamental difference in its privacy mechanism compared to other cryptocurrencies? Data on this should be presented to be convincing.
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MEVHunter_9000vip
· 5h ago
Zcash this time really won big, after SEC review, no further investigation, this is what you call passing the hurdle with flying colors
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