Zcash Governance Crisis Forces Full Exit of Electric Coin Company Staff

Zcash’s core growth crew has resigned en masse following a rising governance dispute with the non-profit board that oversees the Electric Coin Company (ECC), the first developer of the privacy-focused blockchain.

In an announcement shared on X, ECC CEO Josh Swihart stated your entire crew was “constructively discharged” after elementary modifications to their employment phrases had been imposed by the Bootstrap board, a 501(c)(3) nonprofit established to manipulate ECC and assist the Zcash ecosystem.

“Constructively Discharged”

Swihart accused a majority of the board, together with Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai (ZCAM), of transferring into clear misalignment with Zcash’s unique mission. He argued that current governance actions made it unimaginable for the crew to hold out their obligations “successfully and with integrity.”

While the dispute represents a dramatic rupture on the organizational degree, Swihart acknowledged that the Zcash protocol itself stays unaffected.

He additionally stated the builders are within the course of of founding a brand new firm and intend to proceed the identical work. The episode has drawn consideration to the idea of “constructive discharge.” This time period is used in US labor regulation to explain conditions the place workers are successfully pressured to resign as a result of “hostile or insupportable” working circumstances.

ZEC Trajectory

The resignation of core builders comes at a time when ZEC has already gone via a dramatic value cycle. After buying and selling sideways for a lot of 2025, the privateness coin staged a robust rally within the second half of the 12 months and broke above $200 in October. During a late 2025 spike, it will definitely surged previous $600 for the primary time in practically seven years. This subsequently helped it climb into the highest 20 largest cryptocurrencies by market cap.

That explosive transfer was adopted by a pullback as broader crypto markets cooled. Over the previous seven days, ZEC has fallen practically 17%, amid governance turmoil and a broader market correction. It is at present hovering above $400.

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