Coinbase and other US crypto giants are lobbying to ease restrictions on manipulation risks associated with the listing of "minor cryptocurrencies".

CoinFeed reported on May 8th that, according to POLITICO, Coinbase, Kraken, and Gemini submitted amendments to the U.S. Senate Agriculture Committee, requesting the removal of a clause in the Digital Assets Act requiring exchanges to list only tokens that are "not readily susceptible to manipulation." The three companies believe this clause would increase the difficulty of listing small-cap, low-liquidity tokens and could be used by a future CFTC chairman as an enforcement tool to tighten regulations. The current draft bill proposes to grant the CFTC broader powers over the spot markets for "digital commodities" such as Bitcoin and Ethereum. The Senate Agriculture Committee has already passed the relevant sections along party lines, but further significant revisions are expected to secure Democratic support.