0:00
0:00
Subscribe to Bankless or sign in
Before the House Agriculture Committee at a Thursday hearing, Commodity Futures Trading Commission (CFTC) Chair Michael Selig claimed his agency is tapping artificial intelligence to plug its growing staffing gap.
What's the Scoop?
- Automated Enforcement: CFTC Chair
Mike Selig claims artificial intelligence tools are boosting productivity as his agency grapples with a roughly 25% staffing reduction since 2025. "Tools such as AI are going to be very helpful in surveilling and bringing the investigations, and we're incorporating that into various workflows," Selig told members of the House Agriculture Committee on Thursday, citing widespread usage of Microsoft's Copilot as one such productivity aid. - Enforcement Focus: In response to questions regarding whether the CFTC is equipped to handle the increased burdens of digital asset and prediction markets regulation despite its reduced staff, Selig asserted that proper enforcement in markets remains a "top priority" of his and acknowledged "numerous investigations ongoing" in prediction markets, but declined to provide specifics.
🚨NOW: CFTC Chair @ChairmanSelig is testifying before @HouseAgGOP amid a push for control over prediction markets, a new probe into insider oil trading, and on the heels of launching Project Crypto with @SECGov, all while serving as the sole commissioner.
— Eleanor Terrett (@EleanorTerrett) April 16, 2026
Some spicy exchanges…
