♾ FTX is set to distribute over $1.2 billion in repayments to its former users, who have been unable to access their funds for over two years
⏺ Users who are required to repay digital assets up to $50,000 have until January 20th to do so.
⏺ With the inauguration of Donald Trump as US president-elect happening at the same time as the deadline, many are hoping for greater clarity regarding crypto regulations and perhaps the adoption of the Bitcoin Act.
⏺ In addition to the impending $1.2 billion being a major liquidity event for crypto, the FTX repayments are essential for making up for previous harm and restoring faith in the industry.