U.S. CFTC's Selig says AI has helped make up for staffing cuts at key crypto watchdog
CoinDesk
CFTC Chairman Mike Selig stated that AI and automation are helping the agency manage increased oversight duties despite significant recent staff reductions.Summary
U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig testified that the agency is increasingly relying on artificial intelligence and automation to handle expanded responsibilities in cryptocurrency and prediction markets. This shift comes as the commission faces a roughly 25% reduction in workforce since 2025. While lawmakers expressed concern over staffing levels, Selig asserted that the agency is operating more efficiently, prioritizing enforcement in rapidly growing markets, and initiating numerous investigations into potential insider trading and fraud within prediction platforms.
(Source：CoinDesk)