Privacy coins have long been treated as a regulatory minefield, but ZEC has just cleared the biggest one.
The SEC has officially ended its investigation into the Zcash Foundation. The regulatory sword hanging over investors’ heads has been removed—effectively a green light for capital to move in.
The market reaction can’t be hidden: ZEC spot ETFs saw net inflows of over $230 million in a single month.
On one side, compliance barriers have been removed; on the other, hundreds of millions of dollars in real money are entering the market. I don’t buy the idea that ZEC’s rise is over just because of a short-term pullback. The repricing after risk has been cleared won’t be that quickly finished.
#ZEC
The SEC has officially ended its investigation into the Zcash Foundation. The regulatory sword hanging over investors’ heads has been removed—effectively a green light for capital to move in.
The market reaction can’t be hidden: ZEC spot ETFs saw net inflows of over $230 million in a single month.
On one side, compliance barriers have been removed; on the other, hundreds of millions of dollars in real money are entering the market. I don’t buy the idea that ZEC’s rise is over just because of a short-term pullback. The repricing after risk has been cleared won’t be that quickly finished.
#ZEC