CFTC Embraces Nasdaq Surveillance Platform for Enhanced Cryptocurrency Oversight

The U.S. Commodity Futures Trading Commission (CFTC) has adopted Nasdaq’s Market Surveillance platform to significantly upgrade its oversight of cryptocurrency and derivatives markets. This move replaces a system dating back decades, equipping the agency with real-time alerts, cross-market analytics, and enhanced fraud detection capabilities. The CFTC aims to strengthen its regulatory presence in the crypto landscape as it prepares for expanded authority under the proposed Clarity Act.