Coinbase Legal Chief Criticizes SEC’s Vague Stance on FTX Plan – Says Investors Deserve ‘Much Better’

Coinbase’s legal director criticized the US Securities and Exchange Commission (SEC) for its ambiguous stance on FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to challenge them, leading to frustration within the crypto community. This uncertainty of (…)