TechFlow News, April 28: According to a CoinDesk report, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the CFTC is actively adopting AI technologies to automate registration applications and market surveillance—aiming to offset staffing losses exceeding 20% across the agency. Selig revealed that the agency is currently training staff to use Microsoft Copilot and developing in-house tools to review swap data and trading behavior.
He also noted that the joint crypto-asset classification guidance issued with the Securities and Exchange Commission (SEC) represents the most significant initiative of his tenure, helping clarify the regulatory boundaries between the CFTC and the SEC and providing market participants with greater regulatory certainty. Regarding prediction markets, Selig emphasized the CFTC’s firm enforcement stance against violations and confirmed that the agency has jointly filed charges with the Department of Justice against a U.S. military service member accused of insider trading using confidential information.
