Coinbase, Kraken, and Gemini: Urge Senate to Remove Restriction on Crypto Token Listings

Odaily Planet Daily News Centralized exchanges Coinbase, Kraken, and Gemini are urging U.S. senators to remove a specific clause from the digital asset market structure bill. The clause restricts trading platforms from listing tokens that are susceptible to market manipulation.

The exchanges submitted amendment proposals requesting the removal of the restriction, arguing that this regulatory standard, derived from traditional commodity futures, would hinder low-liquidity small-cap tokens from being listed on compliant exchanges, thereby limiting industry innovation. (Crowdfund Insider)