TLDRThe CFTC plans to use AI tools to review crypto registration applications and improve processing speed.Chair Michael Selig said AI can flag incomplete filings and reject submissions with blank sections.The agency aims to reduce manual paperwork and increase efficiency through automation.Selig linked the use of AI to federal workforce cuts affecting the CFTC.Lawmakers questioned whether the CFTC has enough resources to oversee crypto and prediction markets.The Commodity Futures Trading Commission (CFTC) plans to use AI tools to review crypto registration applications and support oversight. Chair Michael Selig said automation can speed reviews and reduce manual paperwork. He stated that the agency will rely on technology as it manages staffing pressures and rising workloads.CFTC and AI to Streamline Crypto Registration ReviewsSelig said the CFTC will apply AI systems to process incoming crypto-related registration filings. He explained that the tools can scan documents and flag incomplete sections quickly. He added that automation can help staff respond faster and manage growing submission volumes.He told CoinDesk that “AI tools can be used to review the applications and flag certain things for the staff.” He said the systems can reject filings with blank spaces or weak descriptions. He also stated that AI can push incomplete submissions to the back of the review queue.Selig said automation could shift the agency away from manual document handling. He noted that staff can then focus on complex issues that require human judgment. He maintained that this approach will make reviews faster and more consistent.He stated that AI can detect clear errors in applications before staff begin full evaluations. He explained that automated checks can shorten response times for compliant firms. He emphasized that the agency wants faster feedback cycles for applicants.Workforce Pressure and Oversight CapacitySelig linked the use of AI to ongoing federal workforce reductions. He said the administration has pushed agencies to reduce staff numbers. He suggested that automation can help offset staffing gaps within the CFTC.Barron’s reported that the CFTC’s Chicago office no longer has enforcement attorneys after retirements and staff cuts. Lawmakers raised concerns about the agency’s capacity during an April 16 House Agriculture Committee hearing. Members from both parties questioned whether the CFTC has enough resources to oversee crypto and prediction markets.The CFTC continues to seek funding as it expands oversight responsibilities. The Securities and Exchange Commission employs roughly six times more staff than the CFTC. Former Chair Rostin Behnam has called for increased funding in past statements.Brian Quintenz, President Trump’s prior nominee to lead the agency, also supported higher funding levels. During the same hearing, Selig said the CFTC is “running more efficiently and effectively than ever before.” He also stated that the agency is hiring staff while deploying AI surveillance tools.The agency did not answer questions about whether it uses AI inside its enforcement division. It also did not address questions about risks tied to automated review systems. Lawmakers continue to review digital asset legislation as oversight demands expand.The post CFTC Deploys AI to Speed Crypto Registration Reviews appeared first on Blockonomi.