SEC Warns FTX Against Using Stablecoin and Other Cryptocurrencies to Repay Creditors

A recent filing by the U.S. Securities and Exchange Commission (SEC) warned FTX assets that the agency may oppose any attempts to use stablecoin or other digital assets to repay creditors, according to a release from The Block. At the same time, the agency, like the U.S. Trustee, also objected to release clauses limiting the future legal liability of FTX debtors' properties.