CFTC Chair Rostin Behnam expressed concerns over the slow progress of crypto regulation during the Securities Industry and Financial Markets Association (SIFMA) annual meeting in New York. He described the CFTC as being 'handcuffed' due to stalled legislative frameworks for regulating the digital asset industry, leaving investors vulnerable. Behnam is hopeful that a new Congress and president could rejuvenate efforts towards establishing clear regulations, noting a unique appetite for digital assets stemming from the upcoming election. Meanwhile, SIFMA President Kenneth Bentsen highlighted growing frustration among finance industry players regarding operational complexities tied to crypto regulations. Additionally, Behnam mentioned that the CFTC is harnessing artificial intelligence to enhance its market policing efforts, aiming to detect market manipulation and decrease enforcement cases. This technological integration comes as part of broader initiatives in which the US Treasury is also utilizing AI to recover funds lost to fraud.

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