Crypto Regulation Incoming? CFTC Chair Pushes for AI Monitoring Ahead of U.S. Election

On November 5, the United States will see a crucial presidential election, with Republican Donald Trump and Democrat Kamala Harris vying for the top seat. The crypto community is eagerly watching, wondering how the outcome could shape the future of the industry. At this point, things can go either way.

What can you, the investor, look forward to in the days to come? Join in as we reveal it all.

The Push for Clear Regulations

As discussions around crypto regulations intensify, Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), addressed the need for regulatory clarity at the Securities Industry and Financial Markets Association (SIFMA) meeting in New York yesterday. Behnam highlighted the problems caused by the lack of a solid regulatory framework for crypto, stressing the importance of having proper rules under the next administration.

He explained that the absence of strong legislation has made it difficult for the agency to oversee the crypto market effectively. The current unregulated state, he warned, leaves investors exposed to higher risks.

Is Change Coming?

Behnam expressed hope that the next U.S. administration will make significant progress in setting up crypto regulations. He also acknowledged that efforts by the current administration have stalled, resulting in a regulatory gap that needs to be addressed.

CFTC Turns to AI for Market Surveillance

When asked by SIFMA President Kenneth Bentsen about ongoing enforcement actions, Behnam discussed plans to use artificial intelligence (AI) for better market monitoring. He believes AI can help reduce the need for frequent enforcement actions by making oversight more efficient and proactive.

Several U.S. agencies are already using AI to improve their operations. For example, the U.S. Treasury recently used AI tools to recover $4 billion lost to fraud and improper payments, showing the potential of technology in regulation.

A Balanced Approach Is What You Need!

Behnam’s message is clear: while stricter rules could slow down the growth of the crypto sector, using AI for monitoring could provide a balanced solution. As the election approaches, the crypto industry is looking to the next administration to support innovation while keeping investors safe.

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Stricter rules or smarter technology—what’s the best path forward for crypto regulation? Let us know where you stand!