The CFTC is now using AI to review crypto applications because they got gutted

The CFTC is using AI to review crypto derivative applications after losing 20% of its staff, raising concerns about biased algorithms and lack of oversight. The move coincides with major crypto events like Aave's $300M recovery and LayerZero's $23M pledge, as critics argue the agency is relying on unvetted AI due to budget and staffing cuts.