Jim Bianco, founder of Bianco Research, believes that the SEC's lawsuit against Binance could be a mistake if other countries allow the crypto industry to develop and replace traditional banking. He sees the lawsuit as an attempt by U.S. lawmakers to drive crypto out of the country. However, Aaron Kaplan, co-CEO of Prometheum Inc, believes that the SEC's action signals a shift towards regulated market infrastructure for crypto, which will ultimately benefit U.S. investors and allow innovation to thrive. Meanwhile, some experts welcome the SEC's suit against Binance, citing concerns about the exchange's lack of operational transparency.
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SEC's Suit Against Binance Could Be a Huge Misstep If Crypto Replaces Traditional Banking, Says Bianco Research Founder
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