Zcash policy group urges SEC to allow token issuers to prove fundraising compliance without exposing full wallet activity

The Zcash policy group Pretty Good Policy for Zcash submitted a letter to the SEC arguing that token issuers should be able to substantiate fundraising claims using zero-knowledge proofs or accounting records rather than exposing all wallet activity. The proposal comes as the SEC considers a disclosure regime that would require material token economics and insider allocations to be disclosed, but PGPZ contends that full transparency is unnecessary and potentially harmful to financial privacy.