Crypto Exchanges Press Lawmakers on Risky Tokens Provision

Regulatory momentum is building around the CLARITY Act, a market-structure framework that aims to grant the Commodity Futures Trading Commission (CFTC) expanded authority over digital assets. Despite legislative gridlock, regulators have signaled a willingness to coordinate oversight and enforcement of crypto markets.

The CFTC and Securities and Exchange Commission (SEC) are working together to oversee the rapidly evolving asset class, with enforcement and rulemaking proceeding in parallel with legislative activity.

A recent development highlights the growing influence of exchange operators in policy dialogues. Major exchanges Coinbase, Kraken, and Gemini have reportedly urged lawmakers to remove a provision from the CLARITY Act that could restrict trading options for smaller digital assets.