MFA submitted a comment letter today to the Commodity Futures Trading Commission (CFTC) on the use of artificial intelligence (AI) in CFTC-regulated markets. MFA believes that the CFTC’s existing regulatory framework is well-designed to address the current and potential uses of AI and has served the public interest well. Because AI as demonstrated the potential to unlock important efficiencies and yield benefits, MFA urges the Commission to avoid any potential actions that could impact this potential.
The letter highlights three high-level recommendations MFA believes the commission should consider in connection with any potential regulation of the use of AI in CFTC-regulated markets:
- Existing regulations already sufficiently address potential concerns posed by the use of AI tools
- As a principles-based regulator, the CFTC should remain technology-neutral and prioritize regulating activities
- Potential use cases for AI are still developing and could unlock important benefits
