Privacy coins are mooning because the SEC just said ZK proofs are fine actually…

Ok so a lot happened this week and I don’t think people are connecting the dots fast enough. Monero is up a bunch. Zcash up a lot a lot in 2025. Dash up a decent amount in seven days. The privacy trade is not a JUST narrative anymore.

We’re on the ground at Consensus 2026 in Miami right now and the vibe is different from anything I’ve seen at this conference in years.

Executives from Ondo, Robinhood and Babylon Labs all said the same thing from the main stage… banks are ready to build onchain, institutional adoption is happening, and the missing constraint is no longer regulatory permission. It’s getting normal everyday people to actually care about any of this. According to many of them, privacy infrastructure completes the stack.

That sentence came out of the mouths of people in suits at a conference center in Miami and nobody in the room flinched.

Oh boy.. this starts to sound sus when you turn around to look at the SEC. Paul Atkins said this week that you can build systems where a regulated platform demonstrates its users have been screened without retaining a permanent person-by-person map of every payment trade or donation.