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What will be the outcome of SEC's warning to FTX regarding stablecoin repayment by end of 2024?
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Resolution / Starting Odds
FTX uses stablecoins, SEC does not challenge • 25%
FTX uses stablecoins, SEC challenges • 25%
FTX does not use stablecoins • 25%
Other • 25%
SEC filings, FTX estate's official announcements, court documents
Story
SEC Warns FTX Against Using Stablecoins for Creditor Repayment
Sep 1, 2024, 09:35 PM
The U.S. Securities and Exchange Commission (SEC) has issued a warning to the FTX estate, advising against the use of stablecoins or other digital assets to repay creditors. This caution comes amid ongoing legal scrutiny and potential challenges from the SEC and the U.S. Trustee. The SEC has not explicitly declared such actions illegal but has reserved the right to challenge the transactions outlined in FTX's repayment plan. This development is part of a broader regulatory focus on cryptocurrency exchanges, as seen with other entities like Kraken facing legal proceedings initiated by the SEC.
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FTX complies • 25%
FTX faces legal challenge • 25%
FTX changes strategy • 25%
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