On November 5, the United States will hold a presidential election where Donald Trump and Kamala Harris will compete for the White House. The entire crypto community eagerly awaits the changes that might occur post-election.

The Importance of Crypto Regulation

Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), emphasized the significance of establishing solid cryptocurrency regulations at the annual meeting of the Securities Industry and Financial Markets Association.

CFTC Struggles Without Legislation

Behnam stated that the lack of a strong legislative framework for cryptocurrencies hinders the agency's ability to effectively monitor the industry, possibly exposing investors to greater risks.

AI at CFTC's Service

In response to inquiries about frequent enforcement actions, the CFTC Chairman outlined the use of AI for market monitoring, aiming to reduce such actions. Various US departments are already actively incorporating AI technologies to enhance their efficiency.

The CFTC Chairman's statements underscore the importance of balancing regulation with the use of modern technologies for monitoring the financial landscape.