SEC Closes Probe Into Zcash Foundation as Crypto Enforcement Eases
Zcash (ZEC) rallied 14% to reach US$445 after the Zcash Foundation announced that the SEC had dropped its long-standing investigation into the organisation. The rally follows a period of instability caused by mass resignations at Zcash developer Electric Coin Co, with the Foundation now stressing the network’s independence from any single entity. The dropped probe…