Odaily Planet Daily reported that the U.S. Securities and Exchange Commission (SEC) recently issued a document warning FTX about the legality of its repayment claims process. The SEC stated that FTX may attempt to profit from its "crypto-asset securities" reserves and reserves the right to question this. In addition, the document pointed out that FTX's repayment plan did not clearly state who would be responsible for distributing stablecoins if the terms were approved. Currently, FTX plans to repay creditors in cash or stablecoins pegged to the US dollar. 💼💰
Despite stricter market regulation, Bitcoin still shows strong resilience and potential. 🚀