US CFTC Chairman Selig Reveals AI's Role in Mitigating Staffing Cuts Amid Expanded Crypto Oversight

The US Commodity Futures Trading Commission is embracing artificial intelligence and automation to tackle its growing regulatory responsibilities, according to Chairman Mike Selig's testimony before Congress. Despite a significant decline in the agency's workforce under the Trump administration, with about a quarter of staff leaving since 2025, the CFTC is leveraging AI tools like Microsoft's Copilot to enhance its surveillance and investigative capabilities. Selig assured lawmakers that the agency is operating more efficiently and effectively, with AI playing a crucial role in supporting its workflows. The CFTC is facing expanded oversight duties, particularly in the areas of cryptocurrency and prediction markets, where numerous investigations are ongoing. Chairman Selig emphasized the importance of proper enforcement, citing a 'zero tolerance' policy for illicit market activity, while also acknowledging the need for additional qualified staff to support the agency's growing responsibilities.