CFTC Chairman: Will Use AI to Review US Crypto Market Registration Applications and Enhance Market Surveillance

Odaily Odaily reported that CFTC Chairman Mike Selig stated in an interview with CoinDesk that the CFTC is building tools that leverage AI to review U.S. crypto market registration applications and monitor transactions. Mike Selig pointed out that due to federal government layoffs reducing the agency's workforce by more than one-fifth, AI and automation technologies will be used to fill the manpower gap and improve document review efficiency. Currently, its employees are undergoing training on Microsoft Copilot, while the agency is also developing internal tools for reviewing swap data and market surveillance.

Furthermore, Mike Selig stated that the digital asset classification guide jointly released by the CFTC and the SEC is the most important initiative during his tenure, aimed at providing regulatory clarity for market participants. Regarding prediction markets, Mike Selig reiterated the CFTC's exclusive jurisdiction and emphasized that strict enforcement actions will be taken against violations such as insider trading.