Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in Crypto: The Zcash Foundation said the US Securities and Exchange Commission has closed its probe into its privacy-focused token. Meanwhile, Galaxy Digital warned that a revised US crypto market structure bill could expand Treasury’s authority to freeze transactions, and corporate Bitcoin buying continues to outpace mining supply.
The foundation behind Zcash (ZEC) said that the US Securities and Exchange Commission (SEC) will not pursue an enforcement action into the privacy coin after the end of an investigation launched in 2023.
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.
