CZ mocks Gensler after SEC drops lawsuit against Binance

Former Binance CEO Changpeng Zhao (CZ) posted an image of Gary Gensler with a clown nose and the caption “Crypto is still here” on X, mocking the former SEC Chair after the agency officially dropped its lawsuit against Binance — a case originally filed during Gensler’s tenure in 2023.

CZ has repeatedly criticized the SEC for targeting major industry players instead of focusing on smaller bad actors, arguing that Gensler’s “regulation by enforcement” approach has stifled innovation in the United States.