Markets

Derivatives’ Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen1 min read

May 12, 2022 < 1 min

Derivatives’ Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen1 min read

Reading Time: < 1 minute

FTX chief Sam Bankman-Fried spent hours before U.S. lawmakers Thursday defending his request to allow customers to directly clear margin-backed crypto derivatives. The existing derivatives industry and its allies argued he’s seeking a power that could stretch well beyond crypto.

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