CFTC Chairman: Will Leverage AI to Review U.S. Crypto Market Registration Applications and Enhance Market Surveillance

Odaily Planet Daily News CFTC Chairman Mike Selig said in an interview with CoinDesk that the CFTC is building tools that utilize AI to review U.S. crypto market registration applications and monitor trading. Mike Selig pointed out that due to federal government layoffs leading to 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 Microsoft Copilot training, and the agency is also developing internal tools for reviewing swaps data and market surveillance.

Additionally, Mike Selig stated that the digital asset classification guidelines jointly issued by the CFTC and the SEC are 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.