The SEC is on guard again! 🚨

- The U.S. Securities and Exchange Commission (SEC) has warned of possible objections to payments to creditors of bankrupt exchange FTX in stablecoins.

- In an August statement, the SEC indicated that such payments could be challenged despite their technical legality.

- Critics, including representatives from Galaxy Digital and Coinbase, accuse the SEC of excessive intervention and unjustified threats.

Source: Kroll