Zcash holders to vote on pulling 50,000 ZEC, worth $50 million, from grants treasury

The proposal would remove more than half of Zcash Community Grants' ZEC holdings from circulation and redirect its future block rewards into a new development and legal-defense fund.
Key Takeaways
- The proposal would remove more than half of Zcash Community Grants' ZEC holdings from circulation and redirect its future block rewards into a new development and legal-defense fund.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Are Alt-L1s over? Security, costs drive smaller chains to Ethereum
L1 blockchains Zilliqa, Gnosis and Ronin join the Ethereum ecosystem as the costs of going it alone grow, and the security and liquidity advantages become too hard to resist.

Uber’s UK banking partner Griffin raises $20M for stablecoin services
The Series B valued Griffin at more than $100 million and will help fund stablecoin reserve services and onchain cross-border payments.

Morning Minute: Tokenized Stock Venues Are Launching Without Big Tech’s Approval
Plus, a second Jensen Huang affair is rocking markets while MSCI’s MSTR removal decision sends crypto lower.