SEC WARNS FTX AGAINST PAYING CREDITORS BACK IN STABLECOINS, OTHER CRYPTO

Summary from the TLDR Crypto newsletter

The SEC has warned FTX that it may oppose the bankrupt exchange's plan to repay creditors using stablecoins or other digital assets. The agency also objects to provisions that would limit future legal liabilities for FTX's estate, aligning with the U.S. Trustee's concerns over discharge provisions that protect the debtors from further claims.