Coinbase, Kraken, and Gemini reportedly lobbied US lawmakers to remove language from a proposed crypto market structure bill that could have restricted token listings on digital asset exchanges.
According to reports, the provision would have required trading platforms to offer only tokens “not readily susceptible to manipulation.”
The exchanges argued that the wording was too broad and could create uncertainty around compliance, potentially limiting the availability of numerous digital assets.
Industry representatives reportedly pushed senators to eliminate the clause during discussions earlier this year as lawmakers worked on broader crypto market reforms.
Supporters of the provision believed it would strengthen investor protection and reduce the risk of manipulation in crypto trading markets.
Critics, however, argued that enforcing such standards could be impractical in decentralized markets and might discourage innovation. The lobbying effort reflects the continuing battle between regulators and crypto firms over how digital asset markets should be governed in the United States.
Source: X.com
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