Crypto Exchanges Push Congress for CLARITY Act Revisions

The CLARITY Act, a sweeping market-structure bill, has been making its way through the US Senate Agriculture Committee. The bill would grant the Commodity Futures Trading Commission (CFTC) expanded authority over digital assets and require platforms to assess asset manipulability before listing.

Crypto exchanges Coinbase, Kraken, and Gemini have reportedly intervened in the legislative process, urging lawmakers to remove the provision related to 'not readily susceptible to manipulation.' This move highlights the growing influence of exchange operators as policy dialogues unfold ahead of broader regulatory decisions.