CFTC Embraces Nasdaq Tech for Enhanced Crypto Market Surveillance
The Commodity Futures Trading Commission (CFTC) has announced its adoption of Nasdaq’s market surveillance technology to improve oversight in both traditional and cryptocurrency markets.
acting CFTC Chair Caroline D. Pham emphasized the importance of staying ahead in the evolving market landscape. “Nasdaq Market Surveillance offers automated alerts and cross-market analytics, enhancing protection against fraud and manipulation,” she stated.
This strategic move aligns with Pham’s initiative to modernize the agency’s outdated systems. It reflects a growing crypto-kind stance among U.S. regulators,including the recent GENIUS Act regulating stablecoins.
The CFTC’s decision comes as sister agencies also take steps toward clearer crypto regulations. The SEC launched Project Crypto for industry clarity, while the CFTC unveiled crypto Sprint, implementing recommendations from the President’s Working Group.
- Nasdaq’s technology monitors over 50 global exchanges.
- it helps prevent fraud through detailed transaction analysis.
- More than 20 international regulators use it for market integrity.
tal Cohen, President of Nasdaq, stressed the necessity of advanced tools adapting to new asset classes. This technology aims to ensure fair and transparent trading practices.
