According to The Block, the U.S. Securities and Exchange Commission (SEC) has concluded a multi-year investigation into the Zcash Foundation. In a blog post published on Wednesday, the nonprofit organization announced that the SEC will not take any enforcement action against it. The Zcash Foundation stated that it received a subpoena from the SEC in August 2023 regarding an investigation into "certain cryptocurrency asset offerings (SF-04569)."
SEC Concludes Multi-Year Investigation Into Zcash Foundation, No Enforcement Action Taken
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Summary
According to news shared by the nonprofit on Wednesday, the U.S. Securities and Exchange Commission (SEC) has closed its multi-year investigation into the Zcash Foundation. The foundation confirmed that it received a subpoena in August 2023 related to a cryptocurrency matter (SF-0459). In a blog post, the group stated that no enforcement action will be taken. The SEC's investigation focused on certain cryptocurrency asset issuance issues. The Zcash Foundation continues to be active in supporting the Zcash protocol.
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