CFTC Chairman: Will use AI to review registration applications for the U.S. cryptocurrency market and enhance market monitoring
CFTC Chairman Mike Selig stated in an interview with CoinDesk that the CFTC is building tools that utilize AI to review registration applications for the U.S. crypto market and monitor trading.
Mike Selig pointed out that due to federal government layoffs resulting in a reduction of more than one-fifth of the agency's staff, AI and automation technologies will be used to fill the manpower gap and improve document review efficiency. Currently, its employees are undergoing training with Microsoft Copilot, and the agency is also developing internal tools for reviewing swap data and market monitoring. In addition, Mike Selig stated that the digital asset classification guidelines jointly released by the CFTC and SEC are the most important initiative during his tenure, aimed at providing regulatory clarity for market participants. Regarding market predictions, Mike Selig reiterated the CFTC's exclusive jurisdiction and emphasized that strict enforcement actions will be taken against violations such as insider trading.
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