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The SEC warns FTX against repaying creditors with stablecoins and other cryptocurrencies

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2024-09-01 22:21:07
A recent filing by the Securities Exchange Commission (SEC) warns FTX Assets that the agency may oppose any attempt to use stablecoins or other digital assets to repay creditors.
At the same time, the agency, like the U.S. trustee, also opposed a discharge clause that would limit the future liability of FTX debtors' assets.
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