It’s a good day for cryptocurrencies and BTC is targeting $98,000 again. Minutes ago, the ZEC team gave the big SEC good news. After Trump took office, investigations and lawsuits regarding cryptocurrencies ended SEC now too ZEC Coin He did what was necessary. This is great news for ZEC, which has been devastated this month due to the departure of the team.
ZEC Coin Last Minute
According to the announcement just shared on the official website of the Zcash Foundation, the SEC has concluded its investigation. This means that the pressure on privacy-focused altcoins has also been broken. ZEC, which was in decline due to the loss of its think tank with the resignation of more than 20 team members this month, received the first good news of the year.
“On August 31, 2023, the Zcash Foundation received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding an investigation titled “Regarding Certain Offerings of Crypto Assets (SF-04569).”
We are pleased to announce that the SEC has completed its investigation and has informed us that it will not be recommending any enforcement or other changes against the Zcash Foundation regarding this matter. This result reflects our commitment to transparency and compliance with applicable regulatory requirements. “The Zcash Foundation continues to focus on developing privacy-preserving financial infrastructure for the public good.” – Zcash Foundation
ZEC, which increased by more than 8% after the announcement, finally regained the $435 support and may test $555 once $474 is exceeded.
