Coinbase, Kraken, and Gemini lobbied Senate lawmakers earlier this year to strip a provision from crypto legislation that would have blocked the listing of digital assets vulnerable to price manipulation, according to Politico.
Think about what that means at the shop-floor level: the same exchanges that profit from listing a token want the rule barring risky, manipulable tokens gone. They don't want guardrails — they want your retirement savings exposed to assets their own traders can move at will.
The boardroom wrote the consumer-protection rules out of the bill. That's not deregulation — that's the rigged game in plain sight.