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FTX’s Bankman-Fried Pitches CFTC on Directly Clearing Customers’ Crypto Swaps

The crypto exchange’s founder and CEO made his case at a Washington, D.C., roundtable, while mainstream derivatives firms painted his ideas as dangerous.

By Jesse Hamilton

Updated May 11, 2023, 3:56 p.m. Published May 25, 2022, 4:32 p.m.

FTX CEO Sam Bankman-Fried defends his company's push for direct derivatives clearing at a CFTC roundtable. (Jesse Hamilton for CoinDesk)