Bankrupt crypto exchange FTX received U.S. court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers in U.S. dollars and minimize risks related to price volatility in crypto markets. U.S. Bankruptcy Judge John Dorsey approved FTX's proposal at a court hearing in Wilmington, Delaware, allowing FTX to sell up to $100 million in cryptocurrency per week and enter into hedging and staking agreements that will allow FTX to minimize the risk of price volatility and earn passive income on more mainstream crypto assets like bitcoin and ether. FTX's request was supported by the official committee appointed to represent its customers in the bankruptcy, and by an ad hoc committee that represents non-U.S. customers with deposits on FTX.com's international exchange. During the hearing, Dorsey overruled concerns raised by two FTX customers who said FTX sales could cause crypto prices to rise.