PANews reported on January 15th that, according to The Block, the Zcash Foundation announced that the U.S. Securities and Exchange Commission (SEC) has concluded its years-long investigation and informed the foundation that it does not intend to take any enforcement action or other changes. The foundation stated that in August 2023, it received a subpoena from the SEC related to an investigation titled "Regarding Certain Crypto Asset Issuances (SF-04569)".

Over the past year, the U.S. SEC has dropped dozens of cases against dozens of large crypto companies, including Coinbase, and ended its investigations into DeFi protocols and other industry players.