Latest: Zcash Foundation Says Sec Closed 2023 Probe Into Privacy Coin

The investigation into Zcash, launched with an SEC subpoena over a “matter of certain crypto asset offerings,” ended this week, according to the foundation.

In a Wednesday notice, the Zcash Foundation said the SEC “concluded its review” over a “matter of certain crypto asset offerings” and would not recommend enforcement actions or changes. According to the foundation, the regulatory probe started in August 2023 after it received a subpoena from the SEC.

Over the past year under US President Donald Trump, the SEC has dropped several investigations and lawsuits into several high-profile crypto companies, signaling that the regulator would be softening on regulation and enforcement under the current administration.

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Cointelegraph reached out to the foundation for additional details on the subpoena and investigation, but had not received a response at the time of publication.

On Thursday, the US Senate Banking Committee will hold a markup for a bill aimed at clearly defining how the SEC and Commodity Futures Trading Commission (CFTC) will regulate digital assets.

The legislation, called the CLARITY Act — or Responsible Financial Innovation Act, as committee drafts have showed built upon the other bill — is expected to be one of the most comprehensive laws affecting the crypto industry.

The Senate Agriculture Committee is also scheduled to hold a markup on its version of the bill on Jan. 27. Both Committees will likely need to agree to advance the legislation before the Senate can hold a floor vote on a final bill.

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Source: CoinTelegraph