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Wu said that the Zcash Foundation released its Q1 2026 report stating that the SEC has concluded its investigation into the foundation and does not recommend enforcement action, removing a significant regulatory uncertainty. It noted that during Q1, internal governance disputes within Electric Coin Company led to most of its development team leaving, but the Zcash network continued to produce blocks and settle transactions normally, with user funds and privacy unaffected. The foundation deployed new seeders in the US and Europe within days after ECC DNS seeders stopped responding, and released the critical security update Zebra 4.3.0. As of March 31, the Zcash Foundation's liquid assets were approximately $36.7 million, including 85,412 ZEC, 41.8 BTC, about 506.6k USDC, and a small amount of ETH; the average monthly operating expense in Q1 was about $272.5k.