The US Commodity Futures Trading Commission (CFTC) is building AI tools to review crypto registration applications, flag incomplete submissions, and support market surveillance, as stated by Chairman Mike Selig in a CoinDesk interview.
The push into AI comes as the agency seeks to compensate for shedding more than a fifth of its workforce under the Trump administration’s staffing reduction drive.
Staff are currently being trained on Microsoft Copilot for the first time, while the agency also develops in-house tools for reviewing swap data and reaching conclusions about trading activity.
Selig identified the joint digital asset taxonomy guidance issued alongside the SEC as the most consequential crypto action of his four months at the helm, saying it gives market participants, developers and consumers clarity on which regulatory frameworks apply to different asset types.
On prediction markets, Selig maintains an aggressive enforcement posture, warning participants to be on notice as the CFTC battles state gaming regulators over jurisdiction and pursues insider trading cases including one against a US Army Special Forces soldier accused of betting on military operations he participated in.
Be the first to comment