[POLITICO: Coinbase and Other Exchanges Lobbied Congress to Remove Anti-Manipulation Provisions from Crypto Bill] According to Foresight News, POLITICO reported that documents obtained from three exchanges submitted to the Senate Agriculture Committee show that Coinbase, Kraken, and Gemini had suggested removing provisions in the pending crypto market structure bill that require platforms to list only assets that are 'not easily susceptible to manipulation.' The three exchanges expressed concerns that this provision would limit their ability to list small-cap tokens, as such tokens typically have lower trading volumes and face challenges in proving the absence of manipulation risks. In response, the three exchanges jointly stated that their legislative participation aims to expand regulatory coverage rather than reduce protections. Currently, the Senate Banking Committee is accelerating negotiations on the bill, with committee review expected to be completed as early as next week.
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