CFTC Adopts Nasdaq Surveillance System to Strengthen Crypto Market Oversight
The U.S. Commodity Futures Trading Commission (CFTC) will adopt Nasdaq's market surveillance system to enhance oversight of digital assets, aiming to prevent fraud, abuse, and manipulation. The system provides automatic alerts, cross-market analysis, and access to comprehensive order book data for real-time monitoring. Interim Chair Caroline Pham emphasized the need to stay ahead as markets evolve. The move complements the CFTC’s recent “Crypto Sprint” initiative and could gain further significance if the Clarity Act passes, granting the agency expanded authority over blockchain-based commodities and requiring digital exchanges and brokers to meet new compliance and reporting standards.