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04/18 11:49

CFTC AI news came directly from Capitol Hill Thurs

#Bitcoin Up 2 Weeks: Beginning or End? #HTX Community Spring Creation Contest #Daily $5000U Airdrop Rain: Claim Yours Now! CFTC AI news came directly from Capitol Hill Thursday as Chairman Mike Selig told the House Agriculture Committee that artificial intelligence tools, specifically Microsoft’s Copilot, are filling surveillance and investigation gaps at an agency that has lost roughly 25% of its workforce since 2025, even as Congress prepares to hand it primary oversight of the US crypto market. Summary 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 lawmakers, citing Copilot as one productivity tool across the agency. The CFTC currently operates with only Selig as its single sitting commissioner out of five required by law, with four seats vacant including both minority-party positions. Selig confirmed “numerous investigations ongoing” in prediction markets, where platforms like Polymarket and Kalshi have drawn scrutiny for well-timed trades tied to US military actions and government announcements. CFTC AI news emerged from Thursday’s House Agriculture Committee oversight hearing as Chairman Mike Selig defended his agency’s shrinking headcount by pointing to productivity gains from AI tools, even as lawmakers pressed him on whether the CFTC has the resources to oversee both a rapidly growing crypto market and a prediction market sector that has ballooned into the billions of dollars in annual volume. The agency has lost approximately 25% of its staff since 2025 under President Trump’s federal workforce reduction drive. Enforcement division staffing, at roughly 108 positions after a recent budget request for three new hires, is still 23% below the 140 enforcement employees on record in 2025. The CFTC currently operates with Selig as the sole sitting commissioner, with four of five legally required positions unfilled including both minority-party seats. “T

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