The CFTC has sought to position itself on the cutting edge of regulators’ response to the meteoric advances in artificial intelligence (AI) and its use in the financial services industry. In January 2024, it issued a request for comment on the use of AI in CFTC-regulated markets. In May 2024, the Subcommittee on Emerging and Evolving Technologies of the CFTC’s Technology Advisory Committee issued a report on responsible AI in financial markets (Report). The Report assesses the opportunities and risks presented by AI and offers recommendations for the CFTC, including engaging with the industry, developing risk management frameworks, assessing existing regulations, aligning with other agencies and gaining AI expertise. This article parses the Report and includes relevant insights from CFTC Commissioner Kristin N. Johnson’s public statement regarding the Report. See our three-part series on AI rules: “NYC First to Mandate Audit” (Jul. 28, 2022); “States Require Notice and Records, Feds Urge Monitoring and Vetting” (Aug. 4, 2022); and “Five Compliance Takeaways” (Aug. 18, 2022).