BMClogo

Trusted editorial Content, reviewed by leading industry experts and experienced editors. Advertising disclosure

The U.S. Commodity Futures Trade Commission (CFTC) has taken an important step to enhance its oversight of the expanding crypto market by adopting Nasdaq’s advanced surveillance program.

CFTC stays ahead of encryption regulations

In order to strengthen its regulatory functions, the regulatory authorities Announce On Wednesday, it selected Nasdaq supply market surveillance and fraud detection technology.

Nasdaq’s market surveillance system is designed to cover multiple asset classes and help identify potential market manipulation. By leveraging comprehensive order data, the technology enables regulators to conduct real-time analysis, thereby facilitating rapid decision-making and strong oversight.

As the CFTC continues to oversee crypto assets, the U.S. government has expanded its responsibilities to the digital asset landscape, especially in creating a looser regulatory environment.

this Market structure There are also changes, with many exchanges using 24-hour trading. In view of these developments, the CFTC recognizes the need for more complex tools to effectively detect and prevent market abuse.

Acting Chairman of the Commodity Futures Trade Commission Caroline Pham stressed the importance of maintaining a leading position in regulatory practice, noting:

It is crucial that CFTC stays before the curve. Nasdaq Market Surveillance will provide CFTC with automatic alerts and cross-market analytics, which will benefit every operational unit of CFTC.

PHAM stresses that this partnership will enhance the agency’s ability to protect markets such as cryptocurrencies from fraud and manipulation, while improving analytical efficiency Market Trends and unusual trading activities.

Cooperate with SEC

Nasdaq President Tal Cohen pointed to the company’s unique position at the intersection of innovation and regulation, proud to work with the CFTC to promote our integrity and resilience Derivatives Market.

The announcement coincides with the next phase of the CFTC launching its “crypto sprint” program, aiming to evaluate and implement White House recommendations on digital asset regulations.

As Report Last week, Pham also called for public feedback on the recommendations, which strengthened the agency’s commitment to transparency and stakeholder engagement.

To align with the Securities and Exchange Commission’s (SEC’s “Project Crypto,” the CFTC also works closely with SEC Chairman Paul Atkins and Commissioner Hester Peirce to provide regulatory clarity in the digital asset market and promote innovation.

Pham thanks for the support feedback from Stakeholders Regarding the CFTC’s initiative to list spot cryptocurrency trading, highlighting that this collaborative effort responds to President Trump’s call for U.S. leadership in cryptocurrencies.

encryption
The one-dimensional graph shows the total valuation of cryptocurrencies’ market value, regaining the level of $3.84 trillion. Source: Total on TradingView.com

Featured images from dall-e, charts from tradingview.com

Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.

Source link