The US Commodity Futures Trading Commission (CFTC) announced Wednesday it has formally adopted a market surveillance technology platform developed by Nasdaq. This strategic move aims to enhance the agency’s ability to identify and address market malfeasance—including fraud, abuse, and manipulation—within the digital asset ecosystem.
In a public statement, Acting Chairman Caroline Pham emphasized the necessity of the initiative, noting, “As our markets continue to evolve and integrate new technology, it’s critical that the CFTC stays ahead of the curve.” The platform will provide the agency with sophisticated automated monitoring and cross-market analytical tools.
This development aligns with the CFTC’s broader preparatory efforts for an expanded role in crypto regulation, contingent upon the passage of pending congressional legislation.
However, the agency must concurrently navigate significant staffing transitions, with multiple commissioners slated to depart upon the confirmation of a new chair.
