CFTC Chair: AI will be used to review crypto registration applications and strengthen market surveillance

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Deep Tide TechFlow News, April 28 — According to CoinDesk, U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated that the CFTC is actively integrating AI technology to automate registration applications and market surveillance to fill the manpower gap caused by the agency laying off more than one-fifth of its staff. Selig revealed that the agency is currently training employees to use Microsoft Copilot, while also developing internal tools for reviewing swap data and trading behaviors.

He also mentioned that the joint guidance on cryptocurrency asset classification issued with the SEC is the most important initiative of his tenure, helping to clarify the regulatory boundaries between the CFTC and SEC and providing market participants with regulatory certainty. Regarding the prediction market, Selig emphasized that the CFTC maintains a firm enforcement stance against violations and has jointly filed a lawsuit with the Department of Justice against a U.S. military soldier suspected of insider trading using confidential information.

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