{"id":90898,"date":"2026-05-09T09:31:30","date_gmt":"2026-05-09T09:31:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=90898"},"modified":"2026-05-09T09:31:30","modified_gmt":"2026-05-09T09:31:30","slug":"crypto-titans-rally-top-us-exchanges-lobby-for-risk-asset-easing-in-clarity-act","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=90898","title":{"rendered":"Crypto Titans Rally: Top US Exchanges Lobby For Risk Asset Easing In CLARITY Act"},"content":{"rendered":"
\n

Three of the United States\u2019 largest crypto exchanges\u2014Coinbase, Kraken, and Gemini\u2014are pushing lawmakers to make a significant change to the anticipated CLARITY Act, the long-awaited framework for the crypto market that has been delayed for months in Congress.\u00a0<\/p>\n

According to a Friday report by POLITICO, the companies have urged lawmakers to scrap one key provision that would require exchanges to list only digital assets that are \u201cnot readily susceptible to manipulation.\u201d<\/p>\n

Small Crypto Assets Could Face Harder Listing Rules<\/h2>\n

The recommendation, shared with lawmakers earlier this year, was confirmed <\/a>to POLITICO by three people familiar with the discussions.\u00a0<\/p>\n

The provision they want removed is intended to mirror existing commodity-market safeguards, but the exchanges argue it could be difficult to apply fairly to crypto\u2014especially to smaller tokens that trade less frequently.<\/p>\n

Under the current approach of the Commodity Futures Trading Commission (CFTC), platforms seeking to list products tied to commodities such as oil or corn must self-certify that the underlying contracts are not easily manipulated or artificially inflated <\/a>before they can begin trading.\u00a0<\/p>\n

The exchanges\u2019 objections center on a practical problem: the \u201creadily susceptible to manipulation\u201d standard could make it harder for exchanges to provide the certifications needed to offer smaller, lower-liquidity tokens.\u00a0<\/p>\n

In the words of one of the people familiar with the matter, the proposed edit represented \u201ca very large walk back\u201d from earlier drafts of the bill<\/a>. Another person said the exchanges want \u201clight-touch regulation.\u201d At the same time, the companies pushed back against the idea that they are trying to dilute investor protections.<\/p>\n

Support For CFTC Power Comes With Conditions<\/h2>\n

In a joint statement provided to POLITICO, Coinbase and Kraken and Gemini said they support comprehensive oversight for digital asset markets, including giving the CFTC expanded authority.\u00a0<\/p>\n

The exchanges said that many Americans participate in crypto markets without the federal protections <\/a>they believe should apply. They added that their legislative engagement has been aimed at expanding oversight, not reducing it.<\/p>\n

Coinbase Federal Policy Director Robin Cook described the debate as a \u201cchicken-and-egg problem.\u201d The issue, she said, is how a token can generate enough trading volume and interest to demonstrate it is not a manipulation risk if the token can\u2019t be listed in the first place.\u00a0<\/p>\n

Cook said the company supports the \u201creadily susceptible to manipulation\u201d standard in traditional futures and swaps markets, but argued that importing that same standard into spot crypto could unintentionally limit what the CFTC, the industry, and consumers can do.<\/p>\n

The exchanges\u2019 suggested change was submitted as part of a broader set of recommendations <\/a>to lawmakers on the Senate Agriculture Committee, the panel that oversees the CFTC and is responsible for half of the CLARITY framework.\u00a0<\/p>\n

\"Crypto\"<\/p>\n

Featured image created with OpenArt, chart from TradingView.com <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Three of the United States\u2019 largest crypto exchanges\u2014Coinbase, Kraken, and Gemini\u2014are pushing lawmakers to make a significant change to the anticipated CLARITY Act, the long-awaited framework for the crypto market that has been delayed for months in Congress.\u00a0 According to a Friday report by POLITICO, the companies have urged lawmakers to scrap one key provision […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-90898","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90898"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90898\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}