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Coinbase, Kraken, Gemini seek looser token listing rules in U.S. Clarity Act

Major cryptocurrency exchanges are pressing for looser token listing standards in a U.S. Senate bill on crypto market structure, intensifying a debate over the direction of regulation. Coinbase, Kraken and Gemini want language removed or revised that would limit trading to digital assets not easily exposed to manipulation. They warn it could make listings harder for tokens with low liquidity or small market value. Lawmakers are still negotiating the bill alongside other issues.