HomeNews listOBJECTIVE PRESSCrypto: FTX’s Bankman-Fried and CME’s Duffy square off on crypto futures in Capitol Hill hearing

Crypto: FTX’s Bankman-Fried and CME’s Duffy square off on crypto futures in Capitol Hill hearing

  • May 12, 2022
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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Major players in the commodity futures industry appeared before Congress Thursday to protest a proposal by cryptocurrency exchange FTX to allow customers to buy leveraged crypto derivatives around the clock, with CME Group head Terrence Duffy arguing that allowing such a move could be “catastrophic” for the U.S. economy and retail investors.

      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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