CFTC uses AI for crypto reviews, market surveillance

The Commodity Futures Trading Commission (CFTC) is implementing artificial intelligence to streamline its review of cryptocurrency registration applications and enhance market surveillance capabilities. Chairman Mike Selig stated that AI tools will automate the process, identify incomplete or incorrect submissions, and expedite feedback, compensating for recent staff reductions. The agency is also developing in-house AI tools for analyzing swap data and monitoring trading activities. This technological adoption aims to increase efficiency and regulatory oversight within the rapidly evolving digital asset landscape, reinforcing the CFTC's commitment to policing crypto markets.