Politico reported that cryptocurrency trading platforms such as Coinbase, Kraken, and Gemini are lobbying for regulatory easing on risky assets. These exchanges demanded that lawmakers remove a provision in the bill that would only allow trading of certain cryptocurrencies 'that are not easily exposed to market manipulation.' They expressed concern that this provision would make it more difficult to list small-cap tokens on platforms, stating, "It could restrict the listing of tokens with low trading volumes and those difficult to prove free from manipulation risk. Our purpose in legislative engagement is to expand regulatory scope, not reduce protection." This is part of the revisions made by the Senate Agriculture Committee after the bill passed in January.
