According to Politico, Coinbase, Kraken, and Gemini lobbied the U.S. Senate earlier this year to amend a clause in the crypto market structure bill. The clause requires trading platforms to list only digital assets that are "not easily susceptible to manipulation." The three exchanges expressed concerns that this wording could limit the ability to list small-cap, low-liquidity tokens and grant the CFTC greater enforcement powers in the future. Industry insiders argue that the "susceptibility to manipulation" standard from traditional derivatives markets shouldn't be directly applied to the spot crypto market. They emphasized that the discussions aim to promote the establishment of a regulatory framework better suited to the crypto spot market. https://(wublock123.com)/news/coinbase-kraken-gemini-lobby-us-senate-change-crypto-market-bill-token-listing-requirements-60756