# Johnson Statement on AI in Derivatives Markets (Dec 2024): Statement of Commissioner Kristin N. Johnson on Future-Proofing Financial Markets: Assessing the Integration of Artificial Intelligence in Global Derivatives Markets

Source: https://www.bankingnewsai.com/ai-regulation/documents/cftc-johnson-statement-2024-12-05
Last updated: Aug 26, 2026

Concurrent with the December 5, 2024 staff advisory, Commissioner Kristin N. Johnson called for the CFTC to go further: create an AI Fraud Task Force with the Division of Enforcement, adopt heightened civil monetary penalties for those who misuse AI, expand information gathering on how registrants deploy AI, and develop a principles-based framework that remains applicable as AI evolves. She also urged more supervisory resources and interagency collaboration.

## At a glance

| Field | Value |
| --- | --- |
| Authority | [CFTC](https://www.bankingnewsai.com/ai-regulation/cftc) |
| Type | Speech |
| Status | Final |
| Published | Dec 5, 2024 |
| Applies to | Commissioner statement; no direct obligations |
| Official text | https://www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement120524 |

## Key points

- Proposes an AI Fraud Task Force in collaboration with the Division of Enforcement
- Calls for increased civil monetary penalties as a deterrent to AI-enabled misconduct
- Urges structured dialogue with domestic and foreign regulators, market participants, academics, and public-interest advocates on AI deployment
- Advocates principles-based rules that 'remain applicable to AI and other emerging technologies as they continue to develop over time'
- Supports additional supervisory resources and interagency coordination

## What changed for banks

The statement is the clearest articulation of a more interventionist CFTC path on AI. It did not become policy under the 2025–2026 leadership, but the enhanced-penalty and AI-fraud themes remain live in enforcement, and the information-gathering theme foreshadowed later outreach.

## Use cases it governs

- [Fraud detection](https://www.bankingnewsai.com/ai-regulation/by-use-case#fraud)
- [AI governance (general)](https://www.bankingnewsai.com/ai-regulation/by-use-case#governance-general)
- [Trading & capital markets](https://www.bankingnewsai.com/ai-regulation/by-use-case#trading-markets)

## FAQ

### Did the CFTC create an AI Fraud Task Force?

No formal AI Fraud Task Force has been announced as of August 2026. The Commission's 2026 structure instead centers on an Innovation Task Force and Innovation Advisory Committee focused on enabling innovation.

### Are AI-related penalties higher at the CFTC?

There is no formal enhanced-penalty policy for AI. Commissioner Johnson proposed one in December 2024; existing fraud and manipulation authority already covers AI-enabled misconduct.

## Related documents

- [CFTC Compute Derivatives RFC](https://www.bankingnewsai.com/ai-regulation/documents/cftc-compute-derivatives-rfc-2026) — Request for Comment on the Listing of Compute Derivatives Contracts (Aug 19, 2026)
- [CFTC Innovation Task Force](https://www.bankingnewsai.com/ai-regulation/documents/cftc-innovation-task-force-2026) — Chairman Selig Announces Formation of New Innovation Task Force (Mar 24, 2026)
- [Johnson RegHub Summit Remarks (Jun 2025)](https://www.bankingnewsai.com/ai-regulation/documents/cftc-johnson-reghub-london-2025) — Keynote Remarks of Commissioner Kristin N. Johnson at RegHub Summit London 2025: Enabling AI Tools To Enhance Compliance and Surveillance (Jun 18, 2025)
- [CFTC Staff Advisory 24-17 on AI](https://www.bankingnewsai.com/ai-regulation/documents/cftc-staff-advisory-24-17) — Staff Advisory on the Use of Artificial Intelligence in CFTC-Regulated Markets (CFTC Letter No. 24-17) (Dec 5, 2024)
- [CFTC TAC Responsible AI Report](https://www.bankingnewsai.com/ai-regulation/documents/cftc-tac-responsible-ai-report-2024) — Responsible Artificial Intelligence in Financial Markets: Opportunities, Risks & Recommendations (May 2, 2024)
- [CFTC AI Scams Customer Advisory](https://www.bankingnewsai.com/ai-regulation/documents/cftc-ai-scams-customer-advisory-2024) — Customer Advisory: AI Won't Turn Trading Bots into Money Machines (Jan 25, 2024)
- [CFTC AI Request for Comment (2024)](https://www.bankingnewsai.com/ai-regulation/documents/cftc-ai-request-for-comment-2024) — Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (Jan 25, 2024)
- [FIN-2026-Alert005 (Digital Asset Investment Scam Centers)](https://www.bankingnewsai.com/ai-regulation/documents/fincen-alert-2026-scam-centers) — FinCEN Alert on Money Laundering Activity Associated with Digital Asset Investment Scam Centers (Sep 3, 2026)

Last reviewed Aug 26, 2026. Cite the official text (https://www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement120524) for the rule and this page for the summary and dates.

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