This lawsuit is also the beginning of how cryptocurrencies, mostly Bitcoin, as the first and most dominant coin in the country become recognized as legal tender.
I don't see any advantage of the sec war vs binance on either bitcoin or the entire cruotocutrncy industry to gain recognition in the country, rather this will make room for more taxation on cryptocurrencies income and if binance Nigeria subsidiary suicide to get registered then means that the exchange will be taxed and that becomes an indirect burden on the exchange users who use it to trade one coin to another since the exchange will increase trading fees on coins that are traded in that line and also increase in their transaction fees for those who receive payment via cryptocurrencies so at whatever point, I don't see the advantage of all this since it will open doors for more regulations and will further push people away from adopting good crypto coins like bitcoin ethereum and the rest.