Summary
- The US CFTC is moving to use AI in cryptocurrency market oversight and registration reviews to improve efficiency.
- The agency said it would use AI in reviewing registration applications and trade surveillance to automatically identify incomplete filings and errors and speed up reviews.
- The CFTC also highlighted a digital-asset classification framework developed jointly with the SEC as a key policy achievement and said it would warn of possible enforcement action against prediction markets.
Forecast Trend Report by Period
The US Commodity Futures Trading Commission is moving to introduce artificial intelligence into cryptocurrency market oversight and the review of registration applications, CoinDesk reported on April 28.
Acting Chairman Caroline Pham said the agency is building a system that uses AI to review registration filings and monitor trading activity.
The registration process is currently handled manually through document-based reviews. The agency plans to use AI to automatically identify incomplete applications and errors, speeding up the review process.
The CFTC is weighing AI as a way to improve efficiency after staff reductions, the report said. It is also developing internal tools that use AI for trade-data analysis and market surveillance.
The agency also highlighted a digital-asset classification framework developed jointly with the Securities and Exchange Commission as a key policy achievement. The framework is intended to clarify the regulatory scope for digital assets.
Separately, the CFTC is maintaining a tough stance on prediction markets. Pham said the agency would warn market participants about the possibility of enforcement action and step up its response to illegal activity.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
