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

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.
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