Summary
- US cryptocurrency exchanges including Coinbase, Kraken and Gemini are objecting to parts of the CLARITY Act.
- The exchanges asked lawmakers to remove language related to market manipulation prevention from the bill.
- The exchanges said newly launched tokens with small market capitalizations could lose listing opportunities if the provision is enforced too strictly.
Major US cryptocurrency exchanges are objecting to parts of the CLARITY Act.
Cointelegraph reported on X on May 9 that US crypto exchanges including Coinbase, Kraken and Gemini recently asked US lawmakers to remove language in the bill related to preventing market manipulation.
According to the report, the exchanges argued that if the provision is enforced too strictly, newly launched tokens with small market capitalizations could lose opportunities to be listed.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
