The U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation into the Zcash Foundation and stated that it does not intend to recommend enforcement action. This decision brings regulatory clarity to privacy-focused cryptocurrencies like ZEC. Following the announcement, despite recent development activity for Zcash slowing down and Monero (XMR) surpassing it to become the most popular privacy token, the price of ZEC surged over 12% within 24 hours, reaching approximately $440.
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The U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation into the Zcash Foundation and stated that it does not intend to recommend enforcement action. This decision brings regulatory clarity to privacy-focused cryptocurrencies like ZEC. Following the announcement, despite recent development activity for Zcash slowing down and Monero (XMR) surpassing it to become the most popular privacy token, the price of ZEC surged over 12% within 24 hours, reaching approximately $440.