SEC Warns It May Challenge FTX's Stablecoin Repayment Plan

SEC Warns It May Challenge FTX's Stablecoin Repayment Plan

The United States Securities and Exchange Commission (SEC) has signaled potential opposition to FTX's repayment strategy if it involves using stablecoins to reimburse creditors. This development emerged from an SEC court filing on August 30 with the U.S. Bankruptcy Court in Delaware, where the regulator indicated its readiness to contest repayments made in US-dollar-pegged cryptocurrencies. While the SEC's filing clarified that repaying credi...

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