CFTC Chair: AI tools will replace more than 20% of laid-off employees

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Crypto World News reports that Michael Selig, Chair of the U.S. Commodity Futures Trading Commission (CFTC), confirmed that the agency is rolling out artificial intelligence tools to review crypto registration applications and monitor trading data—making it the first U.S. financial regulator to use AI to make up for a workforce reduction of more than 20%. In an interview on April 28, Selig said the CFTC is building systems to automate registration reviews and flag applications that contain blank or incorrect information. He said AI is crucial to the agency’s operations, enabling staff to “focus on more complex cases.” The CFTC has also launched an innovation working group covering topics such as crypto assets, AI, and prediction markets. Since the beginning of 2025, the number of CFTC employees has decreased by about 25%, and the Chicago regional office no longer has enforcement lawyers. The CFTC is currently suing entities in New York, Illinois, and other states, as its enforcement capabilities are at their lowest level in 15 years. Selig said the agency is “more efficient than ever before.” Whether AI tools can fill the gap left by experienced enforcement lawyers remains an open question.

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