Zcash surges 15% as CLARITY Act stalls

Zcash (ZEC) rose 15% to $1,330, marking a significant breakout as traders seek privacy assets following the failure of the CLARITY Act to advance in the US Senate. Paradigm co-founder Matt Huang disclosed a position in ZEC, describing it as a private complement to Bitcoin. The rally is supported by increased trading volume and governance proposals for faster transactions and halving schedules.