According to Foresight News, Zhao Changpeng released a spoof photo of former SEC Chairman Gary Gensler as a "clown" with the caption "Encryption still exists". Foresight News previously reported that according to The Block, the US Securities and Exchange Commission (SEC) is seeking to withdraw its lawsuit against Binance. The agency and lawyers representing SEC, Binance, and Zhao Changpeng have submitted a joint agreement to the United States District Court for the District of Columbia. Given the above circumstances, the committee, in exercising its discretion, considers it appropriate to withdraw this lawsuit from a policy perspective
