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Zcash price jumps 15% after SEC ends probe with no penalties, sparking institutional buying and technical breakout.

Market News
21 May 2026
Crypto news
View Source
Bullish
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Zcash surged 15% to $660 following the SEC's closure of its multi-year investigation into the Zcash Foundation without penalties, removing regulatory uncertainty. This triggered accelerated institutional buying, including from Multicoin Capital and Cypherpunk Technologies, and a bullish technical breakout confirmed by rising volume and short squeezes. On-chain data shows increased real network use, driven by demand for privacy amid global financial monitoring. While momentum points to further gains toward $745, risks include macroeconomic pressures and potential technical breakdowns below key support levels.

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