With creditor approval secured, the next step is for the bankruptcy court to confirm the reorganization plan. A hearing is set for Oct. 7. Potential challenges remain, however, including possible objections from the U.S. Securities and Exchange Commission regarding the use of stablecoins for repayments, as previously reported.
Related posts
-
Former FTX CTO Gary Wang Asks Court for No Jail Time
“Unlike Singh, did not engage in money laundering or participate in the straw donor scheme. Unlike... -
Singapore Regulator Unveils Plan to Develop, Commercialize Tokenized Assets
The Monetary Authority of Singapore (MAS) is advancing tokenization... -
MicroStrategy’s (MSTR) Ambitious $42B Bitcoin (BTC) Acquisition Plan is Not Without Risks, CoinShares Says
The report said MicroStrategy is also “tied to its bitcoin holdings,” adding that there is a...