CFTC Collaborates with Nasdaq to Combat Manipulation in the Crypto Market

CFTC's New Initiative: The Commodity Futures Trading Commission (CFTC) is enhancing its oversight capabilities by partnering with Nasdaq to implement a surveillance system aimed at monitoring cryptocurrency markets and detecting manipulation.

Technology Features: Nasdaq’s technology will provide the CFTC with automated alerts, real-time order book analysis, and cross-market monitoring, allowing for rapid scaling during high volatility periods.

Regulatory Context: This initiative follows the launch of the CFTC's "Crypto Sprint" program, which focuses on digital asset futures and policy recommendations, indicating a proactive approach to evolving market dynamics.

Potential Legislative Changes: If the Clarity Act is passed, the CFTC could gain exclusive jurisdiction over blockchain-based commodities, leading to stricter compliance and reporting requirements for exchanges and brokers.