Coinbase, Kraken, and Gemini urge the Senate to remove restrictions on cryptocurrency token listings

Centralized exchanges Coinbase, Kraken, and Gemini urged U.S. Senate lawmakers to remove specific provisions in the Digital Asset Market Structure Bill. The provision restricts trading platforms from listing tokens that are susceptible to market manipulation. The exchanges submitted amendments requesting the removal of this restriction, arguing that this regulatory standard, derived from traditional commodity futures, would hinder the listing of low liquidity small tokens on compliant exchanges and limit industry innovation.