🚨 Latest news: The U.S. Securities and Exchange Commission (SEC) may set obstacles to the confirmation of FTX's bankruptcy plan! 💼

According to court documents on Friday, the SEC said it may question any distribution to creditors involving crypto assets. Earlier this year, the FTX bankruptcy court proposed a plan in which 98% of creditors would recover 118% of their claims in cash within 60 days of court approval. The SEC noted that FTX defines "cash" as including stablecoins pegged to the US dollar.

FTX debtors are exploring different distribution options, including the possibility of distributing stablecoins to certain creditors. The SEC reserves the right to question transactions involving crypto assets.

What do you think? Share your thoughts in the comments section! 👇