The US Commodity Futures Trading Commission is embracing artificial intelligence and automation to cope with significant new regulatory responsibilities, according to Chairman Mike Selig's testimony to Congress, despite a substantial decline in the agency's workforce under the Trump administration. With approximately a quarter of the CFTC's staff having departed since 2025, the agency is leveraging tools like AI to enhance surveillance and investigations, as well as streamline workflows. Selig emphasized that the CFTC is committed to efficient and effective operations, with AI playing a crucial role in supporting these efforts.
The agency is currently navigating the complex landscape of cryptocurrency and prediction markets, with numerous investigations underway. The CFTC is working to establish clear guidelines for these emerging markets, with a focus on preventing illicit activities such as insider trading and market manipulation. Despite concerns about the agency's reduced workforce, Selig is confident in the CFTC's ability to fulfill its regulatory duties, with AI and automation serving as key enablers.