TechFlame, according to TheBlock, the US Commodity Futures Trading Commission (CFTC) issued a statement today saying it will use Nasdaq's surveillance system to expand cryptocurrency regulation to protect the market from fraud, abuse, and manipulation. The CFTC's role in cryptocurrency regulation could expand significantly if Congress passes legislation currently being considered by both houses. CFTC Acting Chairman Caroline Pham said the new monitoring system will provide the agency with automated alerts and “cross-market analysis” capabilities, including obtaining comprehensive order book data to support real-time analysis and decision-making to prevent and detect traditional and crypto asset market abuse. And the CFTC is also taking time to prepare for the growth of the cryptocurrency market. Earlier this month, the CFTC launched the “Crypto Sprint” program, which focuses on crypto futures trading and recommendations from the President's Digital Asset Markets Task Force.