CFTC builds AI tools to flag incomplete crypto applications and speed up registration reviews

CFTC builds AI tools to flag incomplete crypto applications and speed up registration reviews

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The US Commodity Futures Trading Commission (CFTC) is building AI tools to review crypto registration applications, flag incomplete submissions, and support market surveillance, as stated by Chairman Mike Selig in a CoinDesk interview. The push into AI comes as the agency seeks to compensate for shedding more than a fifth of its workforce under the…

CFTC Deploys AI to Speed Crypto Registration Reviews

CFTC Deploys AI to Speed Crypto Registration Reviews

Byadmin

TLDR The CFTC plans to use AI tools to review crypto registration applications and improve processing speed. Chair Michael Selig said AI can flag incomplete filings and reject submissions with blank sections. The agency aims to reduce manual paperwork and increase efficiency through automation. Selig linked the use of AI to federal workforce cuts affecting…