[Zcash Foundation: SEC Ends Investigation, No Enforcement Action Taken] Odaily Planet Daily News - The Zcash Foundation stated that the U.S. Securities and Exchange Commission (SEC) has officially concluded its years-long investigation into the foundation and confirmed that it will not recommend any enforcement action. The foundation revealed that it received a subpoena in August 2023 related to 'certain crypto asset issuances' and has now been notified by regulators that the case is closed. An SEC spokesperson responded, stating that the agency 'does not comment on the existence or non-existence of investigations.' This case closure comes against the backdrop of a shift in the SEC's enforcement approach toward the crypto industry. Over the past year, the SEC has withdrawn or terminated several cases, including those involving Coinbase and certain DeFi projects, which is seen as a contrast to its previously more aggressive regulatory stance.