Zcash Nonprofit Bootstrap Cites Governance Disputes Over Investment Limits
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Governance Dispute: Bootstrap, the nonprofit backing Zcash, stated that recent governance tensions arose from legal limits on outside investment faced by nonprofits, leading to the departure of key board members and impacting Zcash's future development.
- Separation and Restructuring: The Electric Coin Company (ECC) decided to separate from Bootstrap and form a new company due to concerns over what it described as 'malicious governance actions,' which could affect Zcash's development direction and community stability.
- Zashi Wallet Development: The Bootstrap board discussed external investment and privatization structures for the Zashi wallet, aiming to ensure future development complies with U.S. nonprofit law and aligns with Zcash's long-term mission, indicating a focus on the project's future.
- Stablecoin Launch: Wyoming's FRNT stablecoin is now available to the public, becoming the first fiat-backed stablecoin issued by a U.S. state, expected to provide funding for schools and reduce taxpayer burdens, further driving economic development in the state.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
