CFTC Enhances Crypto Market Oversight with Nasdaq Surveillance Technology
The U.S. Commodity Futures Trading Commission (CFTC) is ramping up its regulatory capabilities in the cryptocurrency market by integrating Nasdaq's advanced surveillance system. The move aims to improve real-time detection of market manipulation and fraud across digital asset trading.
Nasdaq's technology provides comprehensive order book analysis, enabling the CFTC to monitor 24-hour crypto markets more effectively. Acting Chair Caroline Pham emphasized the need for sophisticated tools to keep pace with evolving market structures and trading practices.
This development reflects growing institutional engagement with cryptocurrency markets, as regulators seek to balance oversight with fostering innovation in the digital asset space.