The U.S. Commodity Futures Trading Commission (CFTC) has partnered with Nasdaq to adopt its advanced surveillance program to bolster the agency’s oversight of digital asset markets.
According to Nasdaq President Tal Cohen, the partnership reflects the need for modern surveillance technology that can adapt to rapid regulatory changes and emerging asset classes like crypto.
The new system will replace the CFTC‘s legacy infrastructure with automated alerts, cross-market analytics, and real-time access to order book data to more effectively detect fraud and market manipulation, particularly during periods of high volatility.
This move follows the CFTC’s recent “Crypto Sprint” initiative and is part of a broader push to modernize the agency as it prepares for an expanded role in crypto regulation, a possibility that would be solidified if Congress passes pending legislation like the Clarity Act.
Acting Chair Caroline Pham has announced plans to seek public input on new regulations for retail trading of crypto derivatives.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
