The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.

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SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins

The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets.

Cointelegraph

SEC says it could challenge FTX crypto repayment plan

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The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions …

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The U.S. Securities and Exchange Commission (SEC) has cautioned it might challenge creditor repayments by FTX using stablecoins. In a filing to the U.S. Bankruptcy Court in Delaware on Aug. 30, SEC lawyers stated that while paying creditors with US-dollar pegged stablecoins may not technically violate laws, the regulator reserves the right to object to such repayments. Since FTX’s collapse in November 2022, the bankrupt exchange has explored var…

FinanceFeeds

SEC Questions FTX's Creditor Repayment Plan In Stablecoins - FinanceFeeds

The U.S. Securities and Exchange Commission (SEC) may contest the repayment strategy proposed by FTX, the now-defunct cryptocurrency exchange. FTX aims to return funds to its creditors after declaring bankruptcy in November 2022. Previously a dominant player in the global cryptocurrency market, FTX announced that the majority of its clients would be reimbursed for their […] The post SEC wants to challenge FTX crypto repayment plan appeared first…

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SEC wants to challenge FTX crypto repayment plan

The SEC does its bit in the FTX papers. What the hell has happened to the US regulator to make him feel compelled to add even more confusion to an already complex case? While the judge has yet to rule definitively on the nature of refunds to customers of [...] The entry Scandal at FTX: The SEC sows confusion over refunds to customers of stablecoins was first published in The Cryptocurrency.

La SEC pone su granito de arena en los papeles de FTX. ¿Qué demonios le ha pasado al regulador estadounidense para que se sienta obligado a añadir aún más confusión a un caso ya complejo? Si bien el juez aún no se ha pronunciado definitivamente sobre la naturaleza de los reembolsos a los clientes de […] La entrada Escándalo en FTX: la SEC siembra confusión sobre los reembolsos a los clientes de las stablecoins se publicó primero en La Criptomone…

Escándalo en FTX: la SEC siembra confusión sobre los reembolsos a los clientes de las stablecoins - La Criptomoneda

La Criptomoneda

FTX scandal: the SEC sows confusion over refunds to stablecoin customers - Cryptocurrency

The SEC has raised concerns over FTX’s plan to repay creditors in stablecoins or other crypto assets, challenging the legality of the transactions. Amid ongoing bankruptcy proceedings, FTX’s management has dismissed the idea of relaunching the exchange, opting instead for cash or stablecoin repayments.   In its recent filing, the U.S. Securities and Exchange Commission (SEC) has warned that defunct crypto exchange FTX over the creditor repayment…

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FTX Under SEC Scrutiny Over Plans to Repay Creditors in Crypto and Stablecoins

The post FTX News Update: SEC Intervenes in Crypto Repayment Strategy! appeared first on Coinpedia Fintech News The U.S. SEC has taken a critical stance on the bankruptcy settlement plan proposed by the troubled crypto exchange FTX. The SEC’s concerns focus on the exchange’s intention to repay creditors using stablecoins or other cryptocurrency assets. This move is seen as a potential breach of legal boundaries, with the SEC asserting its right …

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FTX News Update: SEC Intervenes in Crypto Repayment Strategy!

The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets. Read Full Article

TheSpuzz

SEC says it could challenge FTX crypto repayment plan – TheSpuzz

The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets.  Source link  The post SEC says it could challenge FTX crypto repayment plan appeared first on TECHTELEGRAPH.

SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins

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