Golden Finance reported that the U.S. Commodity Futures Trading Commission (CFTC) announced today that it will expand its cryptocurrency oversight by adopting Nasdaq's surveillance system to protect the market from fraud, abuse, and manipulation. If Congress passes legislation currently pending in both chambers, the CFTC's role in cryptocurrency regulation could expand significantly. CFTC Acting Chairwoman Caroline Pham stated that the new surveillance system will provide the agency with automated alerts and "cross-market analytics," including access to comprehensive order book data, to support real-time analysis and decision-making, preventing and detecting abuse in traditional and crypto markets. The CFTC is also preparing for the growth of the cryptocurrency market. Earlier this month, the CFTC launched its "Crypto Sprint" initiative, focusing on crypto futures trading and the recommendations of the President's Task Force on Digital Asset Markets.