The U.S. CFTC plans to adopt the Nasdaq monitoring system to expand Crypto Assets regulation.

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On August 27, according to TheBlock, the Commodity Futures Trading Commission (CFTC) issued a statement today saying it will adopt Nasdaq's monitoring system to expand the regulation of Crypto Assets, in order to protect the market from fraud, abuse, and manipulation. If Congress passes the legislation currently under review in both chambers, the CFTC's role in regulating Crypto Assets could be significantly expanded. CFTC Acting Chair Caroline Pham stated that the new monitoring system will provide the agency with automatic alerts and "cross-market analysis" capabilities, including access to comprehensive order book data to support real-time analysis and decision-making, preventing and detecting abuse in traditional and digital asset markets. The CFTC is also preparing for the rise of the Crypto Assets market. Earlier this month, the CFTC launched the "Crypto Sprint" initiative, focusing on Crypto Asset futures trading and recommendations made by the President's working group on digital assets.

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