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CFTC Commissioner Kristin Johnson highlights AI’s dual role in crypto—boosting efficiency while increasing fraud risks. She calls for stricter penalties on AI-enabled scams and praises Trump’s CFTC chair pick. Industry-specific regulations may gain traction in Congress.
- AI can accelerate crypto settlements but may hallucinate or misunderstand real-world limitations.
- Over 23,000 victims were defrauded in an 'AI-enhanced' Bitcoin scam, resulting in $1.7B restitution.
- Johnson supports Brian Quintenz as CFTC chair, citing his expertise and potential to advance market-friendly regulation.
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