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Professor Carol Alexander questions SEC's ability to win lawsuit against Binance

According to Professor Carol Alexander of the University of Essex, the U.S. Securities and Exchange Commission (SEC) may not be financially strong enough to win its lawsuit against Binance. However, she also emphasized the importance of proper regulation in the cryptocurrency industry to prevent fraudulent activities.

Professor Alexander expects that regulatory clarity will bring stability to the crypto market. Last week, Binance and Coinbase Global Inc experienced outflows of over $4 billion following the SEC lawsuits, and Binance Nigeria Limited was ordered to halt operations.

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