Golden Finance reported that Paul Grewal, chief legal officer of Coinbase, expressed concern that the U.S. SEC did not clarify FTX's plan to repay creditors with stablecoins or other cryptocurrencies. Grewal's comments were in response to a document filed on Friday, in which the SEC reserved its right to approve FTX Trading Ltd.'s joint bankruptcy protection plan in the U.S. Bankruptcy Court for the District of Delaware. Grewal said on the social media platform X on Sunday: The U.S. SEC did not point out that this behavior was illegal. He referred to the wording used by the securities regulator in a court document, in which the SEC wrote: The SEC did not comment on this behavior. Under federal securities laws, the U.S. Securities and Exchange Commission does not comment on the legality of the transactions outlined in the plan and reserves the right to question transactions involving crypto assets.