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The Zcash Foundation announced this week that a long-term investigation by the US Securities and Exchange Commission has ended without taking any action to strengthen it, leading to the clarification of one of the secretive activities of the cryptocurrency industry, the most watched at a time of instability.
I have confirmed The agency said in a statement published Wednesday that the SEC has “completed its review” of an investigation into “certain crypto asset offerings.”
The investigation began in August 2023, when the Foundation received a notice as part of the SEC’s efforts to investigate whether digital offerings fall under federal securities laws.
The case was filed under SF-04569 and remained open for more than two years.
The secrets of Zcash are back in the spotlight after the end of the SEC review
The agency said the results reflect its commitment throughout the process and its focus on existing projects.
He said his work will remain focused on creating financial solutions that protect privacy. The US Securities and Exchange Commission has not commented publicly on the matter, but the agency said it had received confirmation that the review had been closed.
This decision comes amid the Zcash market, where… it has been sold ZEC is around $439 on Wednesday, up about 13% from the last trading session, with 24-hour trading increasing by more than 30% to around $881 million.
Despite the recovery, the cryptocurrency is still well below the peak at the beginning of the cycle, trading more than 86% below the all-time high of $3,191 given during the bull market 2017.
One of the most popular aspects of privacy policy has been monitoring such efforts, which have been based on privacy solutions that hide transactions and remain operational on the open blockchain.
Launched in 2016, Zcash uses zero-knowledge proofs to allow users to create secure transactions without revealing information about the sender, receiver, or amount.
This design has put the system in the middle of many debates about financial control, compliance, and privacy limits on blockchain in general.
SEC Decision on Zcash: Shows way to adapt to US regulations
The SEC’s review of Zcash came alongside another environmental investigation.
In previous correspondence, the board requested an assessment from Grayscale Investments as to whether ZECs could be classified as shares in terms of the Zcash Trust.
SEC officials have also been in direct contact with Zcash founder Zuko Wilcox, including participating in discussions on privacy technology and regulatory oversight.
The closure of the investigation into the Zcash case is part of a major change in the use of cryptocurrency laws in the United States starting in 2025.
Under the new administration and after Paul Atkins was appointed SEC Chairman, the SEC dropped or settled a series of high-profile cases brought during the previous administration.
Paul Atkins was sworn in as SEC Chairman on Monday, and is expected to hold a special ceremony with President Trump in the Oval Office today.#PaulAtkins #SEChair https://t.co/lqyUZN3B7H
– Cryptonews.com (@cryptonews) April 22, 2025
Cases against Coinbase and Kraken were dismissed without punishment, investigations into the cryptocurrency unit of Robinhood, Uniswap Labs, OpenSea, and Gemini were closed, and a multi-year investigation into Ondo Finance ended without charges at the end of last year.
While the SEC continues to pursue fraud-related cases, trends have shown it is moving back toward the enforcement actions associated with trademark groups.
The end of the SEC’s investigation comes at a critical time within Zcash, when management disputes between the Electric Coin Company and the non-profit organization Bootstrap last week escalated into a public split, with key executives leaving to form a new independent organization.
– Cryptonews.com (@cryptonews) January 8, 2026
That incident weighed little on market sentiment, despite the fact that online operations continued unabated and project leaders stressed that the controversy did not affect Zcash’s basic security or privacy.
A note The Zcash Foundation is on a clear mission: the SEC ends a years-long investigation without taking any action appeared for the first time Cryptonews Arabic.
