Winklevoss Twins Urge Zcash to Abolish $125M Grants Committee
Cameron and Tyler Winklevoss have called for Zcash to dissolve its community grants committee and give ZEC holders direct control over the $125 million treasury.
Cameron and Tyler Winklevoss have called for Zcash to dissolve its community grants committee and give ZEC holders direct control over the $125 million treasury. Zcash (ZEC) is trading at $1,255.15, down 1.3% since this brief published. This is an original TLT brief synthesising 2 outlets (Blockonomi, Crypto.news), with their figures cross-checked, plus live market data, as of Fri, 30 Oct 2026 11:45:03 UTC.
The proposal, if implemented, would significantly shift Zcash's governance model and funding allocation process, potentially impacting the cryptocurrency's development trajectory and community dynamics.
- Winklevoss twins propose abolishing Zcash's grants committee
- Committee's $125M treasury funded by 8% of block rewards
- Proposal aims to give ZEC holders more direct control
- Zcash's market cap stands at $21.64B amid broader market downturn
Blockonomi and Crypto.news both report that the Winklevoss twins are advocating for Zcash to dissolve its community grants committee, which currently controls a $125 million treasury funded by 8% of block rewards. They agree that the proposal aims to give ZEC holders more direct control over funding decisions. However, Crypto.news provides the specific date of October 30 for the proposal, while Blockonomi focuses on Tyler Winklevoss's characterization of the committee as a 'slush fund with no accountability.'
- Zcash Surges 5.8% After Winklevoss Endorsement at TOKEN2049
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- Zcash Proposes Redirecting 8% Block Subsidy from Grants to NSM Reserve
- Winklevoss Twins Urge Zcash to Abolish $125M Grants Committee — this brief
Cameron and Tyler Winklevoss, founders of cryptocurrency exchange Gemini, have called for 
Zcash to dissolve its community grants committee. The committee currently controls a $125 million treasury funded by 8% of block rewards, according to multiple outlets.
Tyler Winklevoss criticized the committee, calling it a 'slush fund with no accountability.' The proposal aims to redirect the committee's funding and give ZEC holders more direct control over how the money is allocated.
Zcash co-founder Sean Bowe has acknowledged the $125 million treasury and proposed redirecting the 8% share of block rewards. This suggests potential internal support for reforming the funding model.
The debate comes amid broader market downturns, with 
Bitcoin down 3.06% in the last 24 hours and the overall crypto market cap at $2.68 trillion. Despite this, Zcash has seen a slight price increase of 0.47% in the last day and 4.19% over the past week.
The proposal highlights the ongoing tension between centralized governance structures and decentralized decision-making in cryptocurrency projects. The outcome could set a precedent for other cryptocurrencies considering similar governance reforms.
Since this brief published about 1 hour ago, Zcash (ZEC) has moved from $1,271.97 to $1,255.15 — -1.32%.
The chart plots ZEC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ZEC ≈ ₦1.73M (about $1,255.15), down 1.0% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Winklevoss Twins Urge Zcash to Abolish $125M Grants Committe — questions & answers
What is the Winklevoss proposal for Zcash?
The Winklevoss twins propose abolishing Zcash's community grants committee and giving ZEC holders direct control over the $125 million treasury.
How is the Zcash grants committee funded?
The committee's $125 million treasury is funded by 8% of Zcash's block rewards.
What is Zcash's current market position?
Zcash has a market cap of $21.64 billion, with a 24-hour price increase of 0.47% and a 7-day increase of 4.19%.
How much is 1 Zcash worth in naira today?
About ₦1.73M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1,255.15. The naira price moves with both ZEC's US-dollar price and the USDT/NGN rate; use our Zcash in naira page for any amount.
Has Zcash's price moved since this brief was published?
ZEC is down 1.32% since this brief first published — trading at $1,255.15 now versus $1,271.97 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.