U.S. CFTC's Selig says AI has helped make up for staffing cuts at key crypto watchdog
CoinDesk·2h ago·Neutral
What Happened
The U.S. Commodity Futures Trading Commission is using artificial intelligence and automation to manage increased cryptocurrency and prediction market oversight responsibilities despite a 25% staff reduction since 2025. Chairman Mike Selig told lawmakers the agency is incorporating Microsoft's Copilot and other AI tools into workflows to improve efficiency. The CFTC faces expanded responsibilities over digital assets and prediction markets, which have grown from millions to billions in annual value.
Key Entities
U.S. CFTCMike SeligDonald TrumpMicrosoft CopilotDigital Asset Market Clarity ActPolymarketKalshiBitcoinEthereumGlenn ThompsonAngie Craig