The CFTC will use AI to review US crypto registration applications and monitor transaction data.

CoinFeed reported on April 28th, citing CoinDesk, that Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the agency is developing artificial intelligence tools to review registration applications from participants in markets such as crypto and assist in market oversight. In the current process, which is still largely based on manual submissions, AI will automatically identify applications with incomplete information, insufficient descriptions, or obvious errors, rejecting them or placing them in the back of the queue, while also highlighting key information for staff. The CFTC is training staff to use Microsoft Copilot and is developing its own internal tools for analyzing swap data and conducting market monitoring.