Major U.S. crypto exchanges are urging the Senate to remove a proposed rule that would restrict exchanges from listing tokens considered “susceptible to manipulation.”
The exchanges argue the rule could block many small-cap and emerging crypto projects from accessing regulated U.S. markets, potentially hurting innovation and liquidity.
If lawmakers relax the requirement, more altcoins could gain access to major exchanges and broader investor participation. However, regulators warn that weaker standards may increase market manipulation risks.
The debate is becoming a key battleground in the upcoming U.S. crypto market structure legislation.
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