CFTC's AI will review U.S. crypto registration applications, chairman tells CoinDesk

The regulator is working on new technology to stretch abilities of reduced staff, says Chairman Mike Selig, including AI monitoring of trading data.\nWhat to know : The CFTC is building tools to use artificial intelligence to review registration applications and monitor trading, Chairman Mike Selig told CoinDesk. He also said he thinks his crypto taxonomy guidance shared with the Securities and Exchange Commission is the biggest-ticket crypto item he's pursued so far. In prediction markets, participants should be "on notice" about the CFTC's aggressive enforcement stance, he said.