🚨 Crypto News Flash! 🚨

- The SEC is back at it, warning they might challenge FTX's plan to repay creditors with stablecoins. 🪙

- In an Aug. 30 filing, the SEC said it reserves the right to challenge these repayments, even if they're not technically illegal.

- FTX, which collapsed in Nov. 2022, has been exploring ways to make creditors whole, including a now-scrapped plan to reboot the exchange.

- Crypto pundits like Alex Thorn and Paul Grewal are calling the SEC's actions "overreaching" and "unreasonable."

- The SEC's stance has reignited debates on whether dollar-backed stablecoins should be considered securities.

Stay tuned for more updates!