Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam expressed frustration over the stalled progress in crypto regulation discussions in the United States. Speaking at the Securities Industry and Financial Markets Association (SIFMA) annual meeting, Behnam highlighted the agency's limitations without a legislative framework. He mentioned the potential for advancements with a new Congress and president. Behnam also discussed the use of artificial intelligence (AI) by the CFTC to monitor markets and detect manipulation and cyberattacks. The finance industry, represented by SIFMA President Kenneth Bentsen, expressed concerns about the challenges faced by brokerage firms in avoiding enforcement actions. The US Treasury's success in using AI to combat fraud was also noted. Behnam emphasized the importance of leveraging AI for compliance to reduce enforcement cases. Read more AI-generated news on: https://app.chaingpt.org/news