Coinbase, Kraken, and Gemini have asked Senate Agriculture Committee leaders to delete a clause that limits listings to tokens “not readily susceptible to manipulation.”The firms argue the standard would effectively shut small, low‑liquidity tokens out of regulated venues and hand future CFTC chairs a blunt tool to choke innovation.The language sits inside a sweeping market‑structure bill that would give the CFTC new authority over digital commodity spot markets, including bitcoin and ethereum.