PANews reported on May 9 that, according to Politico, Coinbase, Kraken, and Gemini proposed to lawmakers earlier this year to remove a provision from the Digital Assets Act that would require crypto exchanges to list only “non-manipulated” digital assets. The three exchanges worried that this would make it more difficult for them to list small-cap tokens.

This amendment comes after the Senate Agriculture Committee voted in January to advance the bill. The CFTC has long required exchanges to "self-certify" that their listed product contracts are not easily manipulated, a standard crypto companies argue is inapplicable to the spot crypto market. The three exchanges stated they have been working with Congress for years to push for comprehensive federal regulation of the digital asset market. Robin Cook, Coinbase's Director of Federal Policy, said the goal is to ensure consumers are protected by standards suitable for spot trading.