SEC Ends Zcash Probe Without Action, ZEC Price Jumps
Share:
The SEC has closed its investigation into the Zcash Foundation without any charges or fines, alleviating regulatory concerns for the privacy-focused crypto. As a result, ZEC has surged 10-14%, with analysts identifying $450 as a critical resistance level for future price movement.
Predictions Markets
See what traders are focused on
- SEC closes Zcash Foundation investigation with no charges, fines, or required changes.
- ZEC jumps 10–14% as traders price in reduced regulatory risk.
- Analysts flag $450 as a key resistance level for Zcash’s next move.
The U.S. Securities and Exchange Commission has closed its investigation into the Zcash Foundation without taking any enforcement action, bringing relief to the privacy-focused crypto sector after more than two years of uncertainty.
The probe began in August 2023, when the Zcash Foundation received a subpoena as part of a wider SEC inquiry into certain crypto asset offerings. On Thursday, the foundation said the regulator has now completed its review and confirmed it does not plan to pursue charges, fines, or require any changes.
“This outcome reflects our commitment to transparency and regulatory compliance,” the Zcash Foundation said, addi…
Read The Full Article SEC Ends Zcash Probe Without Action, ZEC Price Jumps On Coin Edition.
Read More
U.S. Crypto-Related Stocks Fall in Premarket Trading, MSTR Down 3.09%
