🚨📣 : The Securities and Exchange Commission has warned FTX against paying its debts with stablecoins or other cryptocurrencies

📣 News Summary:

- The Securities and Exchange Commission has warned FTX against paying its debts with stablecoins or other digital assets.

- The Commission also opposes an exemption clause that would limit future legal liabilities for the estate of FTX debtors.

- FTX’s current plan is to pay its debts in cash or stablecoins pegged to the US dollar.

- The SEC reserves the right to challenge the legality of paying claims or attempting to make money from FTX’s “crypto-asset securities.”