CFTC don join Nasdaq surveillance to stop crypto manipulation
CFTC don join Nasdaq’s advanced surveillance tool to make their old 1990s system better. The system dey use special algorithms for digital asset markets. E fit detect crypto market manipulation and insider trading as e dey happen. E dey analyze order book data for different trading places. The system fit also connect activities between traditional and crypto markets. Data na under CFTC regulatory powers dem get. Chainalysis talk say since January 2022 dem don see thousands of pump-and-dump tokens. This move na to handle worries about crypto market manipulation. Privacy people warn say surveillance fit block user freedom. But supporters talk say better anti-money laundering checks go help institutional adoption. Separate, U.S Treasury and NIST dey look digital ID and KYC rules for DeFi. Critics talk say identity checks no agree with DeFi’s permissionless nature.
Bullish
By combining Nasdaq real-time monitoring software, CFTC dey improve oversight and reduce chances for crypto market manipulation. Same kain moves for equity markets don help increase trading transparency and attract big investors. In short term, some speculative traders fit see less chance for manipulation, but overall market integrity go better. In long run, stronger compliance frameworks go likely boost investor confidence and support higher liquidity in digital asset markets.