🚨 Crypto Comedy Hour! 🚨

The SEC is at it again! This time, they’ve got their eyes on FTX’s plan to repay creditors using stablecoins. 🪙

- In an Aug. 30 filing, the SEC hinted they might challenge these repayments.

- FTX, which collapsed in Nov 2022, has been exploring ways to make creditors whole.

- The latest plan? Repay based on USD value at bankruptcy time, either in cash or stablecoins.

Crypto pundits like Alex Thorn and Coinbase’s Paul Grewal are not amused, calling it “overreach” and “unreasonable.”

What do you think? Is the SEC overstepping? Drop your thoughts below! 👇