Svmuu News: The Zcash Foundation announced that the U.S. Securities and Exchange Commission (SEC) has officially concluded its multi-year investigation and has explicitly stated that it will not recommend any enforcement action. The Foundation stated that it received a subpoena in August 2023 related to “certain cryptocurrency offerings” and has now received a notice of case closure from the regulator.An SEC spokesperson responded that the agency “does not comment on whether an investigation exists.” This closure comes amid a shift in the SEC’s enforcement approach toward the crypto industry. Over the past year, the SEC has withdrawn or terminated multiple cases—including those against Coinbase—as well as investigations into certain DeFi projects, a move seen as contrasting with its previously tougher regulatory stance.