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14/01/26 04:37 UTC-04

U.S. regulator drops claims against Zcash creators

Following the decision by the U.S. financial regulator, Zcash surged in price. As of 9:35 p.m. Moscow time on Wednesday, January 14, the token reached $438, gaining more than 12% on the day.

U.S. authorities launched a review of the Zcash Foundation in August 2023. The project was examined for compliance with U.S. securities laws, specifically whether ZEC should be classified as a security. The U.S. Securities and Exchange Commission (SEC) evaluated the cryptocurrency based on several criteria, including whether its price depends on the success of the issuing entity and whether investors reasonably expect profits. The assessment relied on the Howey Test, which was developed in the 1940s.

Zcash is a cryptocurrency designed to preserve user privacy, using cryptographic techniques to conceal transaction senders and recipients while maintaining a public and verifiable blockchain. The total supply of ZEC is capped at 21 million coins, similar to Bitcoin. In early 2026, a split occurred within Bootstrap, a nonprofit established to support Zcash. The token’s development team left the organization and announced work on a new crypto wallet called cashZ. As a result, ZEC plunged by 21% within hours, though the price later recovered.

Privacy-focused tokens are setting price records amid growing popularity. The privacy cryptocurrency Monero (XMR) was trading above $790 on the evening of January 14. It gained more than 18% over 24 hours, over 80% for the week, and 93.55% over the month. Year-on-year growth reached 283%. Both Monero and Zcash are currently the fastest-growing privacy tokens.

See also: "Dogecoin recovers key levels after a sharp surge in trading volume"

#Zcash #USA #U.S. Securities and Exchange Commission (SEC)

Editor: Yulia Krasnaya
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