Crypto exchanges pushed US lawmakers to bar provision on risky tokens: Report

Three companies reportedly pressed US senators for changes to a crypto bill, removing language that would require them to offer trading on tokens “not readily susceptible to manipulation.”

Earlier in 2026, as a digital asset market structure bill was under consideration in the US Senate, cryptocurrency exchanges Coinbase, Kraken and Gemini reportedly pressed to remove language in the legislation that could have affected their token listings.

According to a Friday Politico report, the three exchanges asked US lawmakers to scrap a provision in the market structure bill that would have required platforms to only offer trading on digital assets “not readily susceptible to manipulation.” The companies reportedly pressed senators to remove the language as it could have made it difficult for exchanges to list smaller tokens.

The edit, which the news outlet reported occurred after the US Senate Agriculture Committee voted to advance its version of the bill in January, signaled the influence crypto companies in communication with the Trump administration and lawmakers could have in legislation affecting the industry. The US Senate Banking Committee postponed its markup on the bill hours after Coinbase CEO Brian Armstrong said that the exchange could not support the legislation “as written,” citing concerns with tokenized equities.

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