SEC warns FTX against paying creditors back in stablecoins, other crypto
Powered by @unfolded- The SEC has warned FTX against paying creditors back with stablecoins or other digital assets.
- The agency also opposes a discharge provision that would limit the future legal liabilities of the FTX debtors' estate.
- FTX's current plan is to pay creditors back in cash or U.S. dollar pegged stablecoins.
- The SEC reserves the right to challenge the legality of paying back claims or trying to make money from FTX's "crypto asset securities."