Major crypto exchanges have reportedly launched a stealth lobbying campaign to weaken safeguards in a pending Senate bill. According to sources, three industry giants pressured lawmakers to strike a requirement forcing platforms to trade only tokens deemed "not readily susceptible to manipulation," arguing the standard was overly restrictive.

This behind-the-scenes maneuvering highlights the fierce battle between regulatory oversight and industry autonomy as Congress seeks to establish digital asset rules. By excising this language, exchanges gain greater flexibility to list volatile assets without facing heightened scrutiny. The development raises fresh concerns about investor protection just as Washington attempts to rein in the volatile cryptocurrency market.