CFTC turns to AI for crypto registration applications in an effort to offset workforce cuts: report
The CFTC is deploying AI to streamline crypto registration reviews and market surveillance amid workforce pressures from the Trump administration. Chair Michael Selig stated AI flags incomplete applications, speeding approvals while reducing manual workload. The move addresses staffing shortages—the Chicago enforcement office lost all attorneys—and legislative demands for expanded digital asset oversight. However, risks of AI deployment remain unaddressed.
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